COLLINS STEWART TULLETT PLC: Result of Meeting

Collins Stewart Tullett plc

23 November 2006

                       Collins Stewart Tullett plc (CST)

   Scheme of Arrangement, Demerger Proposals, the Acquisition and Share Plan   
                                   Proposals                                   

                                 Court Meeting                                 

At the meeting convened by the Court and held on 23 November 2006 (the Court
Meeting) to approve the proposed scheme of arrangement (the Scheme) between CST
and the holders of the Scheme Shares (as defined in the Scheme), the resolution
approving the Scheme was passed by the requisite majorities on a poll.

The voting of those members who cast votes either in person or by proxy at the
Court Meeting is summarised in the following table:

                          For       %    Against      %
                                                
Number of votes:  113,843,759   99.65    402,233   0.35
                                                
Number of voters:         363   99.45          2   0.55
                                                

Extraordinary General Meeting

At the extraordinary general meeting also held on 23 November 2006 (the EGM),
the special resolution to approve the Scheme and the related reduction of
capital, the special resolution to approve the demerger of CST and the related
reduction of capital of New CST plc and the special resolution to approve the
Collins Stewart plc reduction of capital were each passed by the requisite
majority on a poll.

In addition, at the EGM the ordinary resolution to approve the acquisition of
Hawkpoint Holdings Limited by Collins Stewart Europe Limited (the Acquisition)
and the ordinary resolutions to approve new share plans for New CST plc and
Collins Stewart plc (the Share Plan Proposals) were each passed by the
requisite majority on a poll.


Enquiries:          Collins Stewart Tullett plc
                    Nigel Szembel, Head of Communications              
                    0044 7802 362088



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