Result of AGM, board change and change of name

Embargoed for 07:00 7 July 2011

Ultima Networks plc

("Ultima" or the "Company")

Result of annual general meeting ("AGM"), board change and change of name

The board of directors of Ultima (the "Board") announces that at the AGM held yesterday all resolutions were duly passed, except for Resolution 3. This resolution related to the appointment of Matteo Turi as a director of the Company and was not passed as, since it was proposed, he has accepted a role that potentially conflicts with his duties at Ultima and is stepping down from the Board with immediate effect.

One of the resolutions passed was the proposed change of name of the Company from Ultima Networks plc to Ultima plc in order to align more closely the Company's name with its existing business activities. Following shareholder approval the Board will now submit the required application to Companies House to record the change of name. The change of name will only become effective once Companies House has issued a certificate of incorporation on change of name. The Company will continue to be traded under the ticker UTN.

Further announcements will be made in due course regarding the change of name.

Professor Humayun Mughal commented: "We are sad to see Matteo leave Ultima after only a short period of time with the Company. We would like to thank Matteo for his contribution to the Company and we wish him all the best for the future."

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