RNS Number:2339F
Akaei PLC
15 November 2004


                                   AKAEI PLC

                           ('Akaei' or the 'Company')

                                 Result of EGM


At the Extraordinary General Meeting of the Company held today all resolutions
were passed, including a resolution to waive the obligation of the Concert Party
(as defined in the AIM admission document dated 20 October 2004) to make a
mandatory general offer which would otherwise be required under Rule 9 of the
City Code on Takeovers and Mergers. Following Admission, the Concert Party will
be interested in 16,885,529 Ordinary Shares representing approximately 72.5 per
cent. of the Company's enlarged issued share capital on Admission and options
which, if converted, would result in the Concert Party controlling up to 74.7
per cent. of the Company.


The Company is pleased to confirm that it has raised, via its broker Noble &
Company Limited, #1.5 million before expenses by way of a placing of 6,000,000
new Ordinary Shares ('Placing Shares'). At the EGM Shareholders approved the
issue of 15,000,000 Ordinary Shares to complete the acquisition of All IPO
Limited ('Consideration Shares') and the change of name to All IPO PLC.


Application has been made for the enlarged issued share capital of the Company,
including the Placing Shares and the Consideration Shares, to be admitted to
trading on AIM under the Company's new name, with Admission expected to take
place on 16 November 2004.


Following today's meeting Jakob Kinde, Frank Dullaghan and Haakon Overli have
been appointed to the Board with effect from Admission and David Crump has
resigned from the Board.


Chairman, Michael Hodges, commented,


'I am delighted that shareholders have voted in favour of our proposed future
activities and look forward to the challenge of building this exciting new
business.'


CEO, Clem Chambers, said,


'Private investor access to IPOs via the internet has always been an idea whose
time would come.  All IPO has a unique opportunity to make this dream a reality.
This transaction marks a significant step towards our goal of building a
pivotal platform for the efficient distribution of financial instruments to
private investors.'



                                     -Ends-


For further information please contact:

Akaei plc                                          Michael Hodges, Chairman         020 7070 0946

Grant Thornton UK LLP                              Graeme Thom                      020 7383 5100

Nominated Adviser                                  Fiona Kindness

Noble & Company Limited                            John Llewellyn-Lloyd             020 7763 2200

Broker                                             David Ovens


Information required by schedule 2(f) of the AIM rules


The information on the newly appointed directors required to be disclosed by the
AIM rules was set out in the Company's announcement made on 20 October 2004.
Subsequent to that date Frank Dullaghan has been appointed a director of Green
Park Investment Limited.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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