Result of EGM

RNS Number:2262K
Timeload PLC
22 April 2003

FOR IMMEDIATE RELEASE

22 April 2003

                                  Timeload plc

                    Results of Extraordinary General Meeting

The Board of Timeload plc ("Timeload" or the "Company") is pleased to announce
that at today's Extraordinary General Meeting ("EGM") all resolutions were
passed to effect, inter alia:

*     the tender offer to buy back up to 40% of the Company's ordinary shares;

*     the capital reduction and capital reorganisation;

*     the acquisition of COE Limited; and

*     the change of the Company's name to COE Group PLC.


The proposals remain conditional on the approval of the High Court, which is
expected on 21 May 2003, and the admission to trading of the Company's shares to
the Alternative Investment Market ("AIM"), which is expected by 28 May 2003.

The tender offer remains open until 5.00 p.m. on 23 April 2003.  Shareholders
may tender any number of their ordinary shares for repurchase and cancellation
by the Company.  If the tender offer proceeds each shareholder is guaranteed to
be able to sell at least 40% of the ordinary shares held by them as at 5.00 p.m.
on 23 April 2003.

For further information, please contact:

Paul Dudley/Suzanna Temple-Morris
Timeload plc                                           01895 457 400



Deloitte & Touche Corporate Finance is acting for Timeload as sponsor in
connection with the acquisition and as nominated adviser in relation to the
admission to AIM and for no-one else and will not be responsible to anyone other
than Timeload for providing the protections offered to clients of Deloitte &
Touche Corporate Finance nor for providing advice in relation to the acquisition
or admission to AIM. Deloitte & Touche Corporate Finance is a division of
Deloitte & Touche which is authorised and regulated by the Financial Services
Authority in respect of regulated activities.

Durlacher Limited is authorised by the Financial Services Authority in respect
of regulated activities. Durlacher Limited is acting for Timeload as independent
financial adviser in relation to the acquisition and as broker in relation to
the Tender Offer and the admission to AIM and for no-one else in connection with
the acquisition, the Tender Offer and the admission to AIM and will not be
responsible to anyone other than the Company for providing the protections
offered to clients of Durlacher Limited nor for providing advice in relation to
the acquisition, the Tender Offer and the admission to AIM.

ENDS

                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

REGXLLFLXZBEBBB