Daily Internet plc

December 12, 2011 02:00 ET

Notice of EGM of Loan Noteholders

Company Number: 06172239
                                    DAILY INTERNET PLC ("THE COMPANY")
                                     NOTICE OF MEETING OF NOTEHOLDERS

Notice  is  hereby given that a meeting of holders ("the Noteholders") of unsecured convertible loan  notes
2012  issued pursuant to the loan note instrument created by the Company on 9 January 2008 will be held  at
10.00 a.m. on 4th January 2012 at the offices of the Company's corporate adviser, Loeb Aron & Company  Ltd,
at Cheyne House, Crown Court, 63 Cheapside, London EC2RV 6AX for the purpose of considering and, if thought
fit, passing the following resolution as an extraordinary resolution:

1.    THAT  the Directors be given the general power, including the right to appoint a person on  behalf
      of  each Noteholder to execute all documents or instruments which may be required, in accordance with
      paragraph 18 of Schedule 2 of the Loan Note Instrument dated 9 January 2008 to exchange all  existing
      outstanding loan notes issued pursuant to such instrument into new loan notes to be issued pursuant to a
      new loan note instrument, with each new loan note to be accompanied by a warrant entitling the holder to
      subscribe for 100,000 ordinary shares of 5p per share, exercisable at any time until 8 January  2022,
      subject to the Company's right to require early exercise in certain circumstances, with the terms of the
      new loan notes and warrant being available for inspection at the meeting.


Number 14 Riverview Vale Road                                                                ..............
Heaton Mersey                                                                                  Ian Aspinall
Stockport                                                                                 Company Secretary
SK4 3GN                                                                                                    
                                                                  Date:                   8th December 2011


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