Premier Farnell plc: Extraordinary General Meeting LEEDS, England, February 9 /PRNewswire-FirstCall/ -- Premier Farnell plc (the "Company") announces that the resolution to amend the Company's articles of association to enable the Company to de-register from the US Securities and Exchange Commission ("SEC") was passed at today's Extraordinary General Meeting. 246.7 million votes (96.7%) in favour of the resolution and 7.7 million votes against (3.04%) were cast by proxy. 0.7 million votes were withheld. The Company will not be able to file for de-registration from the SEC unless and until the number of US shareholders, whether directly or through nominees, falls below 300 with respect to each of the ordinary and preference shares as separate classes. Furthermore, the number of US shareholders in each class must remain below 300 after de-registration in order to avoid re-commencement of SEC reporting requirements. The amendment to the articles of association gives the Company's board the power 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 will do so with the objective of reducing the number of US shareholders of each class to below 300. It is not expected that the compulsory transfer power will be exercised prior to the Company's announcement in March 2005 of its preliminary results for the financial year ended 30 January, 2005. Copies of the Company's articles of association, as amended, and the resolution passed at the Extraordinary General Meeting 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-(0)20-7676-1000 DATASOURCE: Premier Farnell Plc CONTACT: Enquiries: James Garthwaite, Group Director, Communications, Premier Farnell plc, +44-(0)20-7851-4100

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