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Epicure Qatar Equity (QIF)

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Friday 31 October, 2008

Epicure Qatar Equity

AGM Statement

RNS Number : 2120H
Epicure Qatar Equity Opportunities
31 October 2008

31st October 2008

Epicure Qatar Equity Opportunities Plc

('the Company')

AGM Result

The board of Epicure Qatar Equity Opportunities Plc (AIM: EQEO) announces that at the Annual General Meeting ('AGM') held today  at 2.00pm, the following resolutions were passed:

Resolution 1 

Report of the Directors, Auditors' Report and the Audited Consolidated Financial Statements of the Company for the period from 26th June 2007 (date of incorporation) to 30th June 2008 were adopted.

Resolution 2 

KPMG Audit LLC Isle of Man were re-appointed the Auditors of the Company for the year ending 30th June 2009.

Resolution 3

The authority for the purchase of up to 14.99% by the Company of the fully paid ordinary shares in issue at a price of no less than one pence and not more than US$5.00 with an expiry date of the conclusion of the second Annual General Meeting, or if earlier, on 23rd December 2009.

Resolution 4 

The following two part special resolution was passed:

a)    Further to the placing of 76,172,523 ordinary shares of US$0.01 each on 13th     December 2007 and to the confirmation of the High Court of Justice of the Isle     of Man in accordance with resolution 4(b) below, the amount standing to the     credit of the share premium account of the Company as a result of the placing     and the amount standing to the credit of the share premium account referred to     in the special resolution passed by the Company on 20 July 2007 be cancelled     in accordance with Section 56 of the Companies Act 1931 and Article 13 of     the Company's Articles of Association, and that the sums arising from such     cancellation be credited to the Company's distributable reserves.

b)    pursuant to section 57 of the Companies Act 1931 and following the    admission of the ordinary shares in the Company to trading on AIM, a market     of London Stock Exchange Plc ('AIM') and admission to AIM becoming     effective in accordance with the rules for AIM companies, the Company will     apply to the High Court of Justice of the Isle of Man for confirmation of the     reduction of share premium and approval of such amounts being     distributable to the members.


Leonard O'Brien, Director                                         +41 22 908 1190

Epicure Qatar Equity Opportunities Plc

Sandeep Nanda                                                        00 974 496 2220

Qatar Insurance Company S.A.Q.

Ian Dungate/Suzanne Jones                                       01624 692600

Galileo Fund Services Limited


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