Capital Reduction and Scheme Effective (1694I)

TIDMSTF

RNS Number : 1694I

smartFOCUS Group PLC

09 June 2011

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

9 June 2011

RECOMMENDED ACQUISITION OF

SMARTFOCUS GROUP PLC ("SMARTFOCUS")

BY

EMAILVISION HOLDINGS LIMITED ("EMAILVISION HOLDINGS")

Court confirmation of Capital Reduction

Scheme of Arrangement effective

Further to the announcement of 7 June 2011, smartFOCUS announces that today the High Court of Justice in England and Wales (the "Court") has made an order confirming the reduction of smartFOCUS' share capital in connection with the Scheme, which was itself sanctioned by the Court on 7 June 2011. Both Court orders have now been delivered to the Registrar of Companies and as such the Scheme has become effective.

smartFOCUS has made an application to AIM for cancellation of the admission to trading of smartFOCUS Shares on AIM which is expected to become effective at 7.00 a.m. on 10 June 2011.

Cheques and settlement in CREST in respect of cash consideration due under this Scheme will be despatched or effected (as applicable) within 14 days.

Terms and expressions used in this announcement shall, unless the context otherwise requires, have the same meanings as given to them in the announcement of 11 April 2011 and the Scheme Document.

Enquiries:

smartFOCUS [phone]

Curt Bloom, Interim Chief Executive Officer

Neil Thomas, Chief Financial Officer

Arbuthnot [phone]

Tom Griffiths

Paul Gillam

Emailvision Holdings [phone]

Olivier Candau

Investec [phone]

Andrew Pinder

Junya Iwamoto

Buchanan Communications [phone]

Lisa Baderoon

Notices

Dealing disclosure requirements:

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in one per cent. or more of any class of relevant securities of the offeree company or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any paper offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a paper offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on [phone].

Market Purchases:

In accordance with normal UK market practice, Emailvision Holdings or its nominees or brokers (acting as agents) may from time to time make certain purchases of, or arrangements to purchase, smartFOCUS Shares outside the United States, other than pursuant to the Scheme, prior to the Effective Date. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. Any information about such purchases will be disclosed as required in the UK.

Publication on Website:

A copy of this announcement will be available free of charge, subject to certain restrictions relating to persons resident in restricted jurisdictions and on smartFOCUS' website at www.smartfocus.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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