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Voller Energy Group plc (the "Company")

Proposed Members' Voluntary Liquidation and Proposed Cancellation of Admission to trading on AIM

and

Notice of General Meeting

The Company announces that since the last general meeting on 12 December 2008, at which the Shareholders approved the directors' proposal to change the Company's strategy, the board has been unable to identify a suitable investment opportunity which fulfils the Company's investment strategy, which was to make an acquisition or acquisitions that would constitute a reverse takeover.  

The directors have decided to recommend that the Company should be wound up by way of a members' voluntary liquidation (the "Liquidation"), and that Nicholas Guy Edwards and Christopher Richard Frederick Day of Deloitte LLP (the "Proposed Liquidators") be appointed as joint liquidators of the Company. It is further proposed that the net surplus cash of the Company should be distributed by the Proposed Liquidators to the Shareholders, and for admission of the Company to AIM to be cancelled as soon as possible.

A circular has been sent to Shareholders today convening a general meeting (the "General Meeting") at which resolutions (the "Resolutions") will be proposed to approve the Liquidation and the cancellation of the AIM listing, which are conditional upon the approval of not less than 75% of the votes cast by Shareholders (whether present in person or by way of proxy) at the General Meeting.

LIQUIDATION

It will be the Proposed Liquidators' responsibility to deal with the conduct of the Liquidation and to determine the timing and amount of any distribution. If the Resolutions are passed, it is anticipated that the Liquidation will commence immediately following the General Meeting and the appointment of the Proposed Liquidators will become effective at such time.  

The Directors are of the view that, other than cash, there are no assets of the Company which will have more than negligible realisable value, although the Proposed Liquidators will seek to maximise realisations of any such assets held for the benefit of creditors and Shareholders in accordance with their statutory duties.

DEALINGS, TRANSFERS AND CANCELLATION OF ADMISSION

Pursuant to Rule 41 of the AIM Rules, the Board has notified the London Stock Exchange of its intention to cancel (subject to the passing of the Resolutions at the General Meeting) the admission of the Company's ordinary shares to trading on AIM. If the Resolutions are passed, the cancellation is expected to become effective on or around 16 December 2009, effected by a dealing notice being issued on the day following the General Meeting.  

As required by Rule 15 of the AIM rules, the admission of the Company's Ordinary Shares to trading on AIM will be suspended at 7 a.m. on 14 December 2009. If the Resolutions are not approved, the admission of the Company's Ordinary Shares to trading on AIM will continue to be suspended for six months, following which time it will be cancelled if the Company does not carry out a reverse takeover in this time. The last day of trading in the Company's ordinary shares will be Friday 11 December 2009.

EXPECTED TIMETABLE OF KEY EVENTS

This Circular and Form of Proxy posted to Shareholders	13 November 2009
Last day of trading of ordinary shares on AIM	11 December 2009
Latest time for receipt of Form of Proxy	10 am on 13 December 2009
Suspension of trading of ordinary shares on AIM	7 am on 14 December 2009
General Meeting	10 am on 15 December 2009
Appointment of Proposed Liquidators	15 December 2009
Cancellation of trading of ordinary shares on AIM	16 December 2009

For further information please contact

Voller Energy Group Plc	Tel: +44 (0)1189 775463
Mike Clarke
Seymour Pierce Ltd	Tel: +44 (0) 207 107 8000
John Depasquale

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