TITON HOLDINGS PLC

AGM Information • Feb 27, 2014

No. 1604952

THE COMPANIES ACT 2006

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COMPANY LIMITED BY SHARES ____________________________________

RESOLUTIONS

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TITON HOLDINGS PLC (the "Company")

At the Annual General Meeting of the Company held at the Titon Manufacturing Division premises at Falconer Road, Haverhill, Suffolk CB9 7XU on 19 February 2014, the following resolutions were passed of which resolutions 6, 8 and 9. were passed as Ordinary Resolutions and resolutions 7 and 10 were passed as Special Resolutions.

RESOLUTIONS

• 1. That in place of all existing authorities, the Directors be generally and unconditionally authorised pursuant to section 551 of the Companies Act 2006 to exercise all the powers of the Company to allot shares in the Company and to grant rights to subscribe for, or to convert any security into, shares in the Company ("Relevant Securities"), up to a maximum aggregate nominal amount of £250,000 (representing approximately 23.7% of the nominal value of the ordinary shares in issue on 19 December 2013 for a period expiring (unless previously revoked, varied or renewed) on 18 May 2015 or, if sooner, the end of the next Annual General Meeting of the Company, but in each case the Company may, before such expiry, make an offer or agreement which would or might require Relevant Securities to be allotted after this authority expires and the Directors may allot Relevant Securities in pursuance of such offer or agreement as if this authority had not expired.
• 1. That subject to the passing of Resolution 6 above and in place of all existing powers, the Directors be generally empowered pursuant to section 570 and 573 of the Companies Act 2006 to allot equity securities (within the meaning of section 560 of the Companies Act 2006) for cash, pursuant to the authority conferred by Resolution 6 as if section 561(1) of the Companies Act 2006 did not apply to such allotment, provided that this power shall expire on 18 May 2015 or, if sooner, the end of the next Annual General Meeting of the Company. This power shall be limited to the allotment of equity securities:
• 7.1 in connection with an offer of equity securities (including, without limitation, under a rights issue, open offer or similar arrangement) in favour of holders of ordinary shares in the capital of the Company in proportion (as nearly as may be practicable) to their existing holdings of ordinary shares but subject to such exclusions or other arrangements as the Directors deem necessary or expedient in relation to fractional entitlements or any legal, regulatory or practical problems under the laws of any territory, or the requirements of any regulatory body or stock exchange; and
• 7.2 otherwise than pursuant to paragraph 7.1 up to an aggregate nominal amount of £50,000 (representing approximately 4.7% of the nominal value of the ordinary shares in issue on 19 December 2013);

but the Company may, before such expiry, make an offer or agreement which would or might require equity securities to be allotted after this power expires and the Directors may allot equity securities in pursuance of such offer or agreement as if this power had not expired.

This power applies in relation to a sale of shares which is an allotment of equity securities by virtue of section 560(2)(b) of the Companies Act 2006 as if in the first paragraph of this resolution the words "pursuant to the authority conferred by Resolution 6" were omitted.

• 1. That the Directors' Remuneration Report set out on pages 15 to 18 of the Annual Report and Accounts for the year ended 30 September 2013, be approved.
• 1. That the Directors' Remuneration Policy set out on page 19 of the Annual Report and Accounts, be approved.
• 1. That the Company be generally authorised pursuant to section 701 of the Companies Act 2006 to make market purchases (within the meaning of section 693(4) of the Companies Act 2006) of its ordinary shares of 10p each on such terms and in such manner as the Directors shall determine, provided that:
• 10.1 the maximum number of ordinary shares hereby authorised to be purchased is 1,055,565 (representing approximately 10% of the nominal value of the ordinary shares in issue on 19 December 2013;
• 10.2 the maximum price which may be paid for each ordinary share shall be the higher of (i) 5% above the average of the middle market quotations for an ordinary share (as derived from The Stock Exchange Daily Official List) for the five business days immediately before the day on which the purchase is made (in each case exclusive of expenses); and (ii) the higher of the price of the last independent trade and the highest current independent bid on the trading venue where the purchase is carried out (exclusive of expenses);
• 10.3 the minimum price which may be paid for each ordinary share shall be 10p; and
• 10.4 this authority (unless previously revoked, varied or renewed) shall expire on 18 May 2015 or, if sooner, the end of the next Annual General Meeting of the Company except in relation to the purchase of ordinary shares the contract for which was concluded before such date and which will or may be executed wholly or partly after such date.

DA Ruffell Chief Executive Officer

19th February 2014