Result of EGM

QUADRANT GROUP PLC 27 September 1999 Quadrant Group PLC Result of Extraordinary General Meeting The Board of Quadrant Group PLC ('the Company') is pleased to announce that at the Extraordinary General Meeting ('EGM') of the Company, held at 10.00 am on 27 September 1999, Resolutions were duly passed to approve:- i) the disposal of the Company's Flight Training Assets on the terms of the agreement dated 10 September 1999 ('the Disposal') as described in the circular to shareholders of the Company dated 10 September 1999 ('the Circular'); and ii) the redemption of the convertible loan stock and the issue of warrants to subscribe for the Company's ordinary 20p shares to a related party as described in the Circular. The Disposal was conditional upon gaining shareholder approval at the EGM and the Company is pleased to announce that following the EGM and as at 27 September 1999 the Disposal has been successfully completed.

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