RNS Number:4224S
Beaufort International Group PLC
24 November 2003

24 November 2003



                                  Announcement



                Beaufort International Group Plc ("the Company")



Extraordinary General Meeting



The Board has today sent a letter to shareholders giving notice of an
Extraordinary General Meeting of the Company to be held on 16 December 2003 at
10.00 am at its offices, 152 Buckingham Palace Road, Victoria, London SW1W 9TR
pursuant to the terms of Section 142 of the Companies Act 1985 as a result of
the net assets of the Company falling to less than half of its called-up share
capital.



The accounts of the Company for the year ended 31 March 2003 which were
published on 8 September 2003 show that the Company's audited net assets
amounted to #993,387 and the Company's called-up share capital at the same date
was #3,420,881.



Whilst the Board is required by Section 142 of the Companies Act 1985 to convene
the Extraordinary General Meeting to consider whether any, and if so what, steps
are necessary to deal with the situation, given the strategic initiatives which
are already being implemented and the recent reduction in overheads, the Board
would propose that no further steps are necessary.



A copy of the letter to shareholders and Notice of the Extraordinary General
Meeting are available to the public, free of charge, for one month from today at
the offices of Beaufort International Group Plc, 152 Buckingham Palace Road,
Victoria, London SW1W 9TR.



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