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Impellam Group Capital Reorganisation

Impellam Group Capital Reorganisation

Following the General Meeting held on 3rd September 2012, at which shareholders passed the necessary resolutions, the Company announces that the Capital Reorganisation (comprising the consolidation and subdivision of the Company's share capital) has been completed.

On the Consolidation Record Date, the Company's issued share capital consisted of 44,126,189 Ordinary Shares. The Consolidation resulted in 440,649 A Ordinary Shares being created. The total number of fractions of A Ordinary Shares that resulted from the Consolidation was some 612 (representing 61,289 Ordinary Shares). These fractions were all purchased by Cenkos Securities plc, under the terms of the Share Purchase Contract, and were all then subsequently acquired by the Company to be cancelled. The A Ordinary Shares have now been subdivided into 44,064,900 New Ordinary Shares.

The total number of New Ordinary Sharesnow in issue with voting rights in the Company is 44,064,900 New Ordinary Shares. These shares have been admitted to trading on AIM. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

The closing middle market price of the Company's shares on the AIM Market of the London Stock Exchange on 3rd September 2012 was 345 pence per share. Accordingly, each shareholder holding fewer than 100 Ordinary Shares as of that date together with those fractions for shareholders holding more than 100 Ordinary Shares will be remitted 345 pence per share. Payments due to shareholders will be despatched on or around 13th September 2012. The aggregate consideration payable to shareholders in respect of the Capital Reorganisation will amount to approximately &pound0.2 million.

From today, being the date of the listing of the New Ordinary Shares on AIM, existing Ordinary Shares certificates will no longer be valid. New Ordinary Share certificates will be dispatched on or around 13th September 2012.

* All principle terms used in this announcement are as those set out in the Notice of General Meeting

dated 17th August 2012.

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