Bateman Engineering N.V.

('Bateman Engineering' or the 'Group')

Result of 2008 Annual General Meeting

On 11 September 2008, Bateman Engineering announced that a final dividend of 4.79 pence per share would be proposed at the Group's Annual General Meeting held earlier today in Amsterdam.

Since then Bateman Engineering has announced that there has been a marked change in the macro-economic environment and that the Group's trading environment had become materially more difficult such that the Group's financial performance for the current year would be materially below current market expectations. 

In light of these developments, the Board believes that in the current environment it is appropriate to conserve cash resources within the Group and at the Annual General Meeting the Board, in full agreement with the Company's majority shareholder (Global Minerals B.V.), recommended that shareholders vote against the resolution to pay a final dividend. Consequently, the resolution did not pass and no final dividend will be paid.

The Board advises that all other resolutions as set out in the Circular to Shareholders and holders of Depositary Interests dated 31st October 2008 were passed. It should also be noted that, at today's AGM, the Non-Executive Directors undertook to offer a 20 per cent. reduction in their fees with immediate effect.

The Circular and a copy of the voting summary will be posted on the Company's website.

    26th November 2008

ENQUIRIES:

NOTE FOR EDITORS:

Bateman Engineering is a technology-driven engineering-project house serving the minerals and metals industries worldwide. Bateman Engineering's shares (Reuters: BATE.L / Bloomberg: BATE LN) are traded on AIM, a market of the London Stock Exchange. 

Further information on Bateman is available at www.BatemanEngineering.com