Result of General Meeting

1 July 2013

Telford Homes Plc (AIM:TEF), the London focused residential property developer, is pleased to confirm that all resolutions were passed at a general meeting of the Company held earlier today. As a result, the placing of 8,000,000 new ordinary shares of 10 pence each at a placing price of 250 pence per share ("Placing Shares") to raise £20.0 million, before expenses, for the Company announced on 12 June 2013 has now completed subject to admission of the Placing Shares to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00 am on 2 July 2013.

Following Admission, the Company's issued share capital will consist of 58,525,272 Ordinary Shares, all with voting rights. The total number of current voting rights in the Company will therefore be 58,525,272. This figure (58,525,272 Ordinary Shares) may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company.

For Further information: