Seven Arts Pictures plc

March 16, 2009 12:42 ET

Result of EGM / Cancellation of Admission to Trading on PLUS

                                      SEVEN ARTS PICTURES PLC
                                  ("Seven Arts" or "the Company")
                   Result of EGM / Cancellation of Admission to Trading on PLUS

Further  to  the Company's announcement on 27 February 2009 and the circular sent to shareholders,
the  Company announces that at its extraordinary general meeting ("EGM") held today at 11.00am  at
the  offices  of  Sprecher Grier Halberstam LLP, One America Square, Crosswall, London  EC3N  2SG,
shareholders  of  the Company ("Shareholders") approved the cancellation of the admission  of  the
Company's  ordinary fully paid shares (the "Shares") to trading on the PLUS market  ("PLUS")  (the
"Cancellation"). The Cancellation will be effective on and from 25 March 2009 and trading  in  the
Company's shares on PLUS will cease at the close of business on 24 March 2009.

Following  the  delisting  from PLUS, Seven Arts will remain a public  company  and  maintain  its
listing on the NASDAQ Capital Market.

The  Company  will  continue to comply with the NASDAQ rules which from time to time  include  the
issue to Shareholders annually of a report and audited accounts, as well as interim statements. In
addition,  the  Company  will  maintain its website, keeping Shareholders  as  fully  informed  as

In  order to transfer Seven Arts Shares from PLUS to NASDAQ, Shareholders may open an account with
a  US  bank or broker. Shareholders are advised to contact their stockbroker or authorised  person
under  FSMA  (2000)  in  order to understand the steps required to trade shares  in  the  US.  The
procedure     for     trading     shares    is    available    on    the     Company's     website

                                          ---- Ends ----

The Directors of the Issuer accept responsibility for this announcement.

For further information please contact:
Seven Arts Pictures plc US contact:
Peter Hoffman                                         Tel:  +1-323-692-5010

Seven Arts Pictures plc UK contact:
Elaine New, Finance Director                          Tel: +44 (0) 20 3006 8222

Corporate Adviser & Broker
Daniel Stewart & Co Plc
Stewart Dick                                          Tel: + 44 (0) 20 7776 6550

About Seven Arts:

Seven  Arts  Pictures  plc  was founded in 2002 as an independent motion  picture  production  and
distribution company engaged in the development, acquisition, financing, production, and licensing
of  theatrical motion pictures for exhibition in domestic (i.e. the United States and Canada)  and
foreign  theatrical  markets,  and  for subsequent worldwide release  in  other  forms  of  media,
including home video and pay and free television.

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