Result of General Meeting 20 August 2013

UFG is pleased to announce that at the Court Meeting and General Meeting held today all resolutions to approve the proposed acquisition of the Company by Renovo Group PLC ("the Acquisition") by way of a scheme of arrangement ("the Scheme") were duly approved. The results of the proxies will be made available on the Company's website (www.ultimatefinance.co.uk) shortly.

The Scheme is conditional on the sanction of the Court and the confirmation of the Capital reduction which is expected to be given at a hearing on 9 September 2013. The Acquisition is conditional on approval of shareholders of Renovo Group PLC which is expected to be given at a general meeting to be held tomorrow on 21 August 2013 and to admission of the new ordinary shares in Renovo Group PLC to be issued as part consideration for the Acquisition to be admitted to AIM.

It is expected that New Renovo Shares will be admitted to trading on AIM on 10 September 2013.

Capitalised terms used but not defined in this announcement have the same meaning as given in the Scheme Document.

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About Ultimate Finance Group plc

Ultimate Finance Group is a leading provider of financial solutions to SMEs across the UK. The Company is headquartered in Bristol with offices in London, Manchester, Norwich and Lutterworth. Through its five subsidiaries (Ultimate Invoice Finance, Ultimate Asset Finance, Ultimate Trade Finance, Ashley Commercial Finance and Ashley Business Cash), Ultimate supports SMEs by funding their growth with a range of products and services tailored to each client. In the current climate where bank lending to SMEs is increasingly restricted the benefits of Ultimate Finance's flexible and efficient solutions become even more compelling.

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