FRE Freeplay

    RNS Number : 7329X
  Freeplay Energy PLC
  27 June 2008
   

    Freeplay Energy plc
    ("Freeplay" or "the Company")

    Result of General Meeting ('GM')

    Freeplay, the original and leading global brand of clean, dependable energy products, is pleased to announce that all resolutions were
duly passed by shareholders at the GM held today at 11.30 a.m.

    Following the GM, shareholders have now approved the conditional agreements to dispose of the Freeplay Division to Devinder Raj Narang
for a total consideration of $14.5 million, subject to adjustment, which includes the assumption of approximately $5 million of bank debt.

    In addition, following completion of the disposal, the Company will apply to the High Court for permission to reduce the share premium
account of the Company in order to enable the Company to partially eliminate the deficit on its profit and loss account.

    Due to the sale of the rights to the Freeplay name and associated trade marks, it has also been agreed that Freeplay will change its
corporate name to Fieldbury plc with effect from the completion of the sale of the Freeplay Division which is expected to be finalised
within the next few weeks once approval from the Reserve Bank of India has been obtained.


    - ENDS -


    For further information, please contact:

    Freeplay Energy plc                                                                             020 7935 5226
    Rory Stear, Executive Chairman

    Weber Shandwick Financial                                                             020 7067 0700
    Louise Robson or James White

    Charles Stanley Securities (Nominated Adviser)                        020 7149 6000
    Mark Taylor or Freddy Crossley

    Notes to Editors 
    Freeplay Energy plc is the original and leading global brand of clean, dependable energy products. Freeplay Energy's clean, patented
technology harnesses human, solar and rechargeable energy and converts it into electricity to power unique portable, consumer products
replacing conventional disposable battery-powered systems that are environmentally toxic and expensive. The current product range includes
radios, torches, lanterns, mobile phone chargers and standalone foot powered generators. Freeplay Energy's "Lifeline" radio is distributed
throughout the developing world by The Freeplay Foundation (www.freeplayfoundation.org) and other AID and Humanitarian organisations such as
Unicef and other United Nations' agencies. Further information about Freeplay Energy plc and its products can be found at
www.freeplayenergy.com.
    
    




    Freeplay Energy - Best in the World, Best for the World

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