Result of EGM

RNS Number:0272R
Enneurope PLC
17 October 2003


                  Enneurope plc ("Enneurope" or the "Company")

                    Result of EGM and Placing and Open Offer


Following the Extraordinary General Meeting held earlier today, resolutions were
proposed, inter alia, to approve the Placing and Open Offer of 20,000,000 new
ordinary Enneurope shares at a price of 15 pence per share. All the resolutions
were passed unanimously.


11,666,666 new Enneurope ordinary shares were made available to qualifying
Enneurope shareholders under the Open Offer and Arlington Group plc
("Arlington"), the AIM-listed investment company, subscribed for approximately
99.3 per cent. of these by way of clawback.


Arlington also subscribed for 8,333,334 new Enneurope shares by way of firm
placing and will hold 19,917,548 ordinary shares, representing 71.18 per cent.
of the issued share capital of Enneurope, following completion of the Placing
and Open Offer.


Dealings in the new Enneurope ordinary shares are expected to commence on Monday
20 October 2003.


Vaughan McLeod, chairman of Enneurope, commented:


"We are pleased that the fundraising is now completed and we can continue to
pursue our strategy of consolidating the construction materials industry in
North West Poland."


Enquiries:

Vaughan McLeod, Enneurope plc                                     01332 694444
Phil Adams, Altium Capital Limited                               0161 831 9133




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

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