Reference is made to the Circular and Notice of Special General Meeting despatched to Shareholders on 23 December 2011 regarding the proposed General Mandate Refreshment. Terms used in this announcement have the same meanings as defined in the Circular unless otherwise stated.

The board of directors of RCG Holdings Limited (AIM: RCG, HKSE: 802) (the "Board"), an international provider of biometric and RFID products and solution services with a primary focus in the Asia Pacific and Middle East markets, announces that at the Special General Meeting of the Company duly held at 3:00 p.m. on 14 January 2012 (Hong Kong time) at Lot 1, Jalan Teknologi 3/5, Taman Sains Selangor 1, Kota Damansara, Petaling Jaya, Selangor, Malaysia, the General Mandate Refreshment Resolution was not passed. Consequently, the Board will seek alternative funding arrangements to finance the Company's expansion plans and repay existing loans. A further announcement concerning the Group's financial position and trading for the year ended 31 December 2011 will be made shortly.


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Enquiries:
RCG Holdings Limited
Danny Chew, Acting Chief Executive Officer
Tel: +852 3669 6999
ir@rcg.tv

Smith & Williamson Corporate Finance Limited
(Nominated adviser and broker)
Dr. Azhic Basirov / David Jones
Tel: +44 (0) 20 7131 4000

About RCG
RCG, a leading global provider of integrated biometrics and RFID security solutions, is publicly quoted and its shares are listed on the Main Board of the Stock Exchange of Hong Kong Limited and admitted to trading on the AIM Market of the London Stock Exchange and the PLUS market. The Company has a growth strategy focusing on long-term projects, solutions and services and development of new applications and revenue streams, particularly in the security applications industry.