Result of EGM

Montpellier Group PLC
2 April 2002



Montpellier Group Plc ('Montpellier') announces that at the Extraordinary
General Meeting held on 27 March 2002, the shareholders approved the two
resolutions proposed.

As a result of shareholder consent, Montpellier acquires three significant
assets while increasing its equity by over £7m:

•        Union Investment Management Limited ('UIM'), a company which has the
benefit of Regulatory Approval to carry on Corporate Finance and Investment
Business. UIM's well established name and network of contacts in the area of
corporate finance and investments will enable Montpellier to achieve growth of
its Investment Division.

•        39 Cornhill, a freehold building in the City of London. Montpellier
will continue to occupy part of the property as its Headquarters and will let
out the balance.

•        A 26.6% shareholding in Jarvis Porter Group plc. Montpellier intends to
work with Jarvis Porter's management and other shareholders to increase
shareholder value.


Montpellier has three core business streams:


•        Construction

•        Property

•        Investments


The acquisitions announced today will strengthen the Montpellier balance sheet
and will bring further opportunities to develop the investment business.


                      This information is provided by RNS
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