1 June 2009

PGI Group PLC

Publication of a Circular regarding the proposed cancellation of listing of the ordinary shares on the Official List 

Following the announcement made by the Company on 23 April 2009 that the directors of PGI Group PLC (the 'Company') were proposing to seek shareholders' approval for the cancellation of the listing of the Company's shares on the Official List and of their trading on the London Stock Exchange (the 'Listing') and for the re-registration of the Company as a private limited company on the delisting taking effect, the Company announces that it has today posted to its shareholders a circular (the 'Circular') outlining the proposals in greater detail and giving notice to the shareholders of a General Meeting of the Company at which the proposals will be considered.

Under the Company's articles of association the Company is required to give at least 14 days notice of a General Meeting. The General Meeting of the Company at which the proposals relating to the cancellation of the Listing will be considered will be convened immediately following the Company's Annual General Meeting on 23 June 2009. Assuming that the required resolutions are passed at the General Meeting on 23 June 2009 it is proposed that the cancellation of the Listing shall take effect from 22 July 2009.

A copy of the Circular, which contains further details of the General Meeting, can be found on the Company's website (www.pgi-uk.com). Copies of the Circular will also today be submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at: 

The Financial Services Authority 

25 The North Colonnade 

Canary Wharf 

London E14 5HS  

1 June 2009

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