PFP Powershares Global Exchange Traded Pwrshs Intl Listed Private

Premier Farnell plc: Notice of Extraordinary General Meeting LEEDS, England, January 10 /PRNewswire-FirstCall/ -- The Company announces that it is today posting to shareholders a circular containing notice of an Extraordinary General Meeting of the Company to be held on 9 February 2005. The circular proposes amendments to Premier Farnell plc's (NYSE:PFP) articles of association to enable the Company to terminate its reporting obligations under the US Securities Exchange Act of 1934. Premier Farnell will only be able to file for de-registration from the SEC once the number of US Shareholders, whether holding directly or through nominees, falls below 300 with respect to each of the Ordinary Shares and the Preference Shares as separate classes. Consequently the circular seeks shareholder approval for a new provision enabling the Board to require Ordinary Shares or Preference Shares which are held by US Shareholders to be sold to non-US persons. If the Board decides to exercise the compulsory transfer power, it expects to apply the power first to those US Shareholders with the smallest holdings of Ordinary or Preference Shares in order to meet this requirement. Thereafter, to avoid re-commencement of SEC reporting requirements, the Board may require Ordinary and Preference Shares to be sold in order to ensure that, at the beginning of each subsequent financial year, the number of US Shareholders for each class of share remains below 300. The Company has established that, on the basis of the current numbers and holdings of US Shareholders and the termination of the ADR programme announced on 9 December 2004, only a small number of Ordinary Shares and Preference Shares would have to be sold in order to bring the number of US Shareholders of each class to below 300. A copy of the circular can be accessed on the Company's website (http://www.premierfarnell.com/) and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at: Financial Services Authority 25 The North Colonade Canary Wharf London E14 5HS Tel: +44-207-676-1000 DATASOURCE: Premier Farnell Plc CONTACT: James Garthwaite, Group Director, Communications, Premier Farnell plc, +44-207-851-4100. Richard Mountain, Financial Dynamics (UK), +44-207-269-7291. Andrew Saunders, Taylor Rafferty (NA), +1-212-889-4350

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