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XecutiveResearch Grp (~268)

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Friday 16 April, 2004

XecutiveResearch Grp

Result of EGM

XecutiveResearch Group PLC
16 April 2004


                           XECUTIVERESEARCH GROUP PLC
                     ('XecutiveResearch' or 'The Company')

                                 RESULT OF EGM
        COMPLETION OF PLACING, ACQUISITION OF ACCIDENT EXCHANGE LIMITED
                           AND CHANGE OF COMPANY NAME
 DEALINGS COMMENCE ON MONDAY 19 APRIL 2004 ON THE ALTERNATIVE INVESTMENT MARKET

The Company is pleased to announce that at the EGM held earlier today, all
resolutions were duly passed by the shareholders, including the approval of the
acquisition of Accident Exchange Limited ('Accident Exchange'), the 500 for 1
consolidation of the Existing Ordinary Shares in issue and change of name to
Accident Exchange Group plc. Application has been made for 61,620,000
Consolidated Shares to be admitted to trading on AIM and trading of these shares
is expected to commence at 8am on Monday 19 April under the EPIC code of ACE.
Due to the size of the acquisition relative to the Company, the transaction
constituted a reverse takeover under the AIM rules.

ENQUIRIES
XecutiveResearch
David Lees, Chairman
Tel: 020 7499 1400

Accident Exchange
Steve Evans, Chief Executive
Tel: 08700 116720

Grant Thornton Corporate Finance
Gerry Beaney, Head of Capital Markets
Tel: 0870 991 2589

Performance PR Ltd
Gemma Smith
Tel: 020 8946 3456
Mobile: 07968 378 274




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