Pointon York Group Ltd ("the Company") 15th August 2012 RESIGNATION OF NON-EXECUTIVE DIRECTOR The directors of PYG today announce that Stephen Barclay has resigned from the board. After serving for nine years Stephen Barclay is thanked for his services to the Company. The board has commenced a search for a suitably qualified non-executive director to replace Stephen. The board wishes Stephen well and will, it is hoped, announce the appointment of a successor shortly PLANNED WITHDRAWAL FROM THE PLUS MARKET The Directors of Pointon York Group Limited announce the intention of the Company to withdraw from the PLUS Market. The Directors believe that the present benefits of quotation on the PLUS Market are potentially outweighed by the ever increasing costs (both direct and particularly indirect) involved. The Directors note that the Company's securities trade infrequently on the market with only two trades in the previous 3 years. Nevertheless, the directors believe that it is important to keep shareholders informed of progress within the business and whilst withdrawal from the PLUS market will mean that the Company can no longer make announcements through the PLUS website it will continue to keep shareholders advised through mailings to the registered shareholder address using the same reporting timetable as at present. No formal alternative arrangements for dealing in the Company's securities (shares, warrants or loan notes) are proposed by the directors at the present time, although securities holders may wish to speak to their own stockbroker or to the Company's Corporate Adviser, Loeb Aron & Company Ltd., who can provide further information on an on-going basis for those who wish to trade the Company's securities. Under the PLUS rules, the Company is required to give shareholders a period of 10 business days to object to the intended withdrawal of its securities from the PLUS market. Any holder of shares or other securities of the Company wishing to raise an objection should contact PLUS in confidence by Friday 31 August 2012 (email: [ plus-sxregulation@icap.com ]). In the event that "legitimate objections" are raised with PLUS then the Company will be required to call a General Meeting to seek approval for the withdrawal from PLUS. The Directors hope that the costs of such a meeting will not be necessary in the circumstances of seeking to reduce the costs incurred by your Company for limited benefit at this time. Yours sincerely, Geoffrey Pointon Chairman The Directors of Pointon York Group Ltd accept responsibility for the content of this announcement. Contacts Steven Clews Pointon York Group Ltd. Frank Lucas/ Peter Freeman Loeb Aron & Company Ltd: 020 7628 1128 

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