RFI Reflex Grp

RNS Number:6657J
Reflex Group PLC
7 September 2001



                 Reflex Group plc ("Reflex" or the "Company")

      Result of Annual General Meeting and Extraordinary General Meeting



Reflex is pleased to announce that all the resolutions set out in the circular
to shareholders sent to shareholders on 13 August 2001 and proposed at the EGM
held earlier today were passed. Conditional on Admission, the Company has
therefore:



* acquired Fitness & Leisure Group (Holdings) Limited ("FLG")

* allotted 88,646,876 Ordinary shares as consideration for the acquisition

of FLG

* disposed of its existing business which was carried on through First

Rental Limited

* increased the authorised share capital of the Company

* appointed Paul May, Philip Daw and Luke Johnson to the board of Reflex

* adopted a new share option scheme



The principal activity of FLG is the operation of fitness and leisure
facilities in the United Kingdom. FLG currently operates 27 facilities which
are specifically targeted at, and designed for, women over 40 years of age and
has developed its own range of motorcised exercise machines which are easy to
use and suitable for any level of fitness.

Commenting after the EGM, Tony Kilduff, Chairman, said " I am delighted to
have completed this transaction and, together with the new members of our
management team, look forward to delivering shareholder value."

Paul May, Chief Executive Officer, said "I am pleased that we can now
concentrate on our roll out programme of opening 1 to 2 new centres per
month."

The listing of the Ordinary Shares on the Official List of the Irish Stock
Exchange, the Official List maintained by the UK Listing Authority and the
trading of the Ordinary Shares on the Irish Stock Exchange's and London Stock
Exchange's market for listed securities will be cancelled on 10 September
2001. It is expected that the enlarged issued share capital of the Company
will be admitted to trading on AIM on the same day.

All the resolutions detailed in the AGM notice were duly passed at the Annual
General Meeting of the Company which was held prior to the EGM earlier today.
These resolutions included a resolution to redenominate the Company's Irish
pound share capital into Euros.

Terms defined in the Company's circular to shareholders dated 13 August 2001
have the same meanings when used herein.



For further information :

Tony Kilduff

Chairman, Reflex Group plc

Tel: + 353 1 660 04 66



Des Carville

Director, Davy Corporate Finance

Tel: + 353 1 679 63 63

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