Result of EGM

BEALE PLC

("Beale" or the "Company")

Result of Extraordinary General Meeting

The Board of Beale plc is pleased to announce that at the Extraordinary General Meeting this morning, its shareholders approved the proposed acquisition of 19 department stores from Anglia Regional Co-operative Society Limited (the 'Acquisition') the allotment and issue of the Preference Shares and the adoption by the Company of the New Articles and the Performance Share Plan.

Under the terms of the acquisition agreement, the Acquisition is expected to complete on 22 May 2011. Subsequently, the Company's shares will be cancelled and readmitted to listing on the Official List and to trading on the main list of the London Stock Exchange. This is scheduled to take place at 08:00 BST on Tuesday 24 May 2011.

Further information

Beale PLC

Tony Brown, Chief Executive

Ken Owst, Finance Director

Tel: 01202 552022

Shore Capital (Sponsor and Financial Adviser)

Andrew Raca

Anita Ghanekar

Edward Mansfield

Tel 0207 408 4090