29 September 2008

               Independent International Investment Research Plc               

                        ("the Company" or "the Group")                         

              Result of AGM, AGM statement and delisting from AIM              

At the Annual General Meeting held earlier today, the Chairman made the
following statement:

"I am now pleased to report that our GEO Monitor service, providing research on
global IPOs, went live as a web-based service last week.  However as noted
previously in my Chairman's statement, we have launched this service against
the challenging backdrop of a slow-down in global IPO activity and sales are
unlikely to be meaningful until an upturn in this cycle.

For the first half of the current financial year, in spite of distractions and
the loss of business from Bear Stearns, revenues have been maintained in line
with the same period last year.  For the second half, before making any
adjustment to accommodate the potential loss of revenues from Lehman, revenues
are expected to be slightly improved compared to the same period last year.  As
yet I am unable to provide any further clarity with regard to Lehman and I am
spending the remainder of this week with our US clients, in order to better
assess the situation generally.

Whilst the situation undoubtedly presents some short term challenges, for the
longer term two high-level observations suggest that opportunities for
independent research, already strong, will become yet stronger.  First, there
will be a continued requirement from investors for research; and second,
continuing a long term trend, investment banks will be both less willing and
less able to fund this research.  These factors play to IIR's strengths.  IIR
is pioneering two alternative commercial models for the creation of research -
the intermediated research model (exemplified by PSQ Analytics) whereby the
issuer company pays for the creation of objective,  independent research; and
the Research Oracle model, whereby advertisers rather than issuers, investment
bank or consumers, pay for the research.

Further updates on the progress of these and other initiatives will be provided
to shareholders in due course, at our website at www.iirgroup.com where
shareholder can also register to receive company news when published."

As previously indicated, Albert Maasland resigned as a director of the Company
immediately following the Annual General Meeting. At the Annual General
Meeting, all the resolutions other than the resolution granting the directors
the authority to issue shares for cash on a non-preemptive basis, were duly
passed. Accordingly, following the passing of the de-listing resolution,
admission of the shares of the Company to trading on AIM are expected to be
cancelled with effect from 7.00 a.m. on 7 October 2008.

For further information please contact:

Shane Smith, Chairman and CEO,    Shane.smith@iirgroup.com     +44 7785 276 703
Independent International                                                      
Investment Research PLC                                                        
                                                                               
David Worlidge/John East,                                   +44 (0)20 7628 2200
                                                                               
John East & Partners Limited                                                   

Notes to editors:

Independent International Investment Research PLC ("Independent II Research")
(LSE:IIR) is the UK's leading source for impartial research and strategy for
global equities and foreign exchange.

The Company was admitted to the Alternative Investment Market (AIM) of the
London Stock Exchange in 2000, and operates through two subsidiaries: Pronet
Analytics.com Limited (regulated and authorised by the Financial Services
Authority in the UK and registered as an Investment Advisor with the Securities
Exchange Commission in the USA) which has been ranked consistently in the
global top-five independent currency research firms; and Independent Research
Pvt Limited, its research centre in Mumbai, India. The Group has become a
leading specialist in the United States for the provision of research on non-US
companies (primarily those with American Depositary Receipt programs).

The Group's core products are: GEO Monitor(tm), a research and tracking service
providing intelligence on Initial Public Offerings around the world; Research
Oracle(tm), a ground-breaking platform which provides access to the Group's
international research free of charge; and Global Research, which provides
access to financial models, sector analysts, short term trading strategies, and
corporate access services.

For information on the Group's independent performance assessment by Investars
(tm), go to http://www.investars.com/bvic_universe.asp?coveragematch=0&AlgorithmID
=4&RegionID=4&period=1&NumOfPositions=4&index=0&Trusted=1&itime=0&SearchID=0&
imageField.x=112&imageField.y=14

IIR is a member of the British Olympic Association Council, promoting and
assisting Team GB athletes in Beijing 2008 and London 2012.



END
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