Result of Meeting

LONDON--(BUSINESS WIRE)--

Wheelsure Holdings plc

(“Wheelsure” or the “Company”)

Results of General Meeting and Open Offer

Wheelsure is pleased to announce that all resolutions proposed at the General Meeting convened today at 11:00 a.m. to give effect to, inter alia, the Placing and the Open Offer, were duly passed.

Under the Open Offer element of the fundraising announced on 11 January 2013, 103 shareholders have subscribed for 5,963,515 new ordinary shares of 1p each (“Open Offer Shares”) at 1.75p per share under the Open Offer to raise £104,000 (before expenses).

Under the Placing element of the fundraising, unfortunately the Company has not yet been able to finalise the documentation for one placee, which the Board hope will be only be a temporary delay, and therefore a total of 6,089,288 new ordinary shares (“Placing Shares”) of 1p each (“Ordinary Shares”) have been subscribed for at 1.75p per share to raise £107,000 (before expenses) under the Placing.

It is expected that the 6,089,288 Placing Shares and the 5,963,515 Open Offer Shares will be admitted to trading on the ISDX Growth Market on 30 January 2013.

Following the finalisation of the Company’s Annual Report and Accounts for the year ended 31 August 2012, it is the intention of certain directors of the Company and others to subscribe for at least 789,280 new Ordinary Shares, at the same terms as the Placing, thereby raising a further £13,800.

In conformity with rule 5.6.1 of Disclosure and Transparency Rules, the Board of the Company notifies the market that on admittance to trading of the Placing Shares and Open Offer Shares:

The total number of Ordinary Shares in issue is 82,052,317 with each share carrying the right to one vote. There are no shares held in Treasury.

The total number of voting rights in the Company is therefore 82,052,317.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Wheelsure under the FSA's Disclosure and Transparency Rules.

Gerhard Dodl, Chief Executive, commented “we are delighted so many shareholders have subscribed under the Open Offer which the board felt strongly should be undertaken to provide shareholders who did not take part in the Placing with an opportunity to invest in the Company. Whilst we are disappointed we have not been able to include one of the placees at this stage, the Open Offer has exceeded our expectations and, with the Placing, the total gross proceeds of the Placing and Open Offer provide the necessary working capital to further develop Wheelsure.”

- Ends -

For further information please contact:

Wheelsure Holdings plc
Gerhard Dodl, CEO	01525 840 557
Seymour Pierce Limited	020 7107 8000
Mark Percy / David Foreman (Corporate Finance)
Paul Jewell (Corporate Broking)