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16 April 2007

Results of EGM

On 30 March 2007, the Company announced that it had entered into an agreement with Sarah Willingham, the Company’s Development Director, the completion of which was subject to the approval of Clapham House shareholders, to acquire the 10,500 B ordinary shares of 1p each held by her in CHG2 Limited (“CHG2”) for a consideration of £0.75 million (the “Transaction”). CHG2 owns the business trading as The Bombay Bicycle Club, the Group’s Indian restaurant and delivery kitchen format. As Sarah Willingham is a director of the Company, the Transaction is subject to the approval of Clapham House shareholders pursuant to section 320 of the Companies Act 1985 (as amended).

In addition, the Company announced on 30 March 2007 that, conditional upon approval of the Transaction by Clapham House shareholders, Sarah Willingham had agreed to subscribe £0.34 million for 113,333 new ordinary shares of 10p each in the Company (the “Willingham Subscription Shares”) at a price of 300p per Willingham Subscription Share.

The Company is pleased to announce that at its extraordinary general meeting (“EGM”) held earlier today the resolution proposed to shareholders in respect of the Transaction was duly passed. As a result, the Transaction, details of which were set out in the circular published by the Company on 30 March 2007, has been completed and Clapham House now owns 100% of the issued share capital of CHG2 and the subscription for the Willingham Subscription Shares is conditional only upon their admission to trading on AIM (“Admission”).

Application has been made to the London Stock Exchange for Admission. It is expected that Admission will become effective and that dealings will commence in the Willingham Subscription Shares at 8.00 a.m. on 17 April 2007. The Willingham Subscription Shares are subject to a lock-in agreement between Ms Willingham and the Company which provides that, subject to certain exceptions, Ms Willingham shall not dispose of her interests in the Willingham Subscription Shares with effect from the date of Admission until 30 June 2008.

Following completion of the subscription for the Willingham Subscription Shares, Sarah Willingham will hold 113,333 ordinary shares of 10p each in the Company representing 0.31% of the Company’s issued share capital as enlarged by the issue of the Willingham Subscription Shares.

The total number of ordinary shares of 10p each in the Company in issue, following the subscription by Sarah Willingham for the Willingham Subscription Shares, is 36,628,002. There are no shares held in treasury and so the total number of voting rights in the Company is therefore 36,628,002. This figure may be used by shareholders in the Company 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 share capital of the Company under the Financial Service Authority’s Disclosure and Transparency Rules.