Shareholder Meeting

    RNS Number : 3138D
  Teleunit S.p.A
  12 September 2008
   

    Teleunit SpA
    ("Teleunit" or "the Company")
    Notice of Shareholder Meeting

    The Company has convened a Shareholder Meeting to be held at 14:00 on 16 September 2008 at the Company's offices, Via Monteneri snc, S.
Andrea delle Fratte, Perugia, PG, Italy. In line with Italian Law, should a quorum not be reached on 16  September voting will be put to a
second Shareholder's Meeting convened for the 19th of September at 14:00 at the Company's offices.

    At the meeting, the following resolutions will be put to Shareholders: 

    *     proposal to evaluate a change in the Board from the current structure to the Italian structure, whereby Board Committees are
substituted by a single independent "Colleggio Sindacale" responsible for control and corporate governance matters; 
    *     proposal to evaluate the distribution to investors of a portion of TLU's Share Premium; 
    *     to provide the Company with authorisation to buy-back Teleunit shares to be held in treasury.
    According to Italian Law, in order to vote, Shareholders must deposit a copy of Share Certificates at the Company's legal offices at
least 2 days before the first Shareholder's Meeting.  
    The results of the meeting will be notified to the market as soon as practicable following its conclusion.

    Enquiries:

 Gianfranco Cimica, Chairman/CE  O                      Tel: [phone]
 Teleunit SpA                    3939


 Oliver Rigby                                                Tel: + 44 () 20
                                 7776 6550
 Daniel Stewart & Co Plc





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