Eleco PLC 26 January 2006 Eleco plc Proposed Transfer to AIM The Board of Eleco plc ("Eleco" or "the Company") announces the proposed de- listing from the Official List and transfer to AIM. A circular convening an Extraordinary General Meeting ("EGM") seeking approval to the proposals is today being posted to shareholders. The Board considers that AIM is a more appropriate market for the Company's Ordinary Shares and that a transfer to AIM should lead to lower ongoing costs associated with being a public company and a simplification of administration requirements. It will also enable the Company to execute significant transactions more expeditiously should any acquisition or other development opportunity arise in the future. However, the Board envisages no alteration in the standards of reporting and governance to which the Group has hitherto operated. The anticipated key dates are as follows: Extraordinary General Meeting Monday 20 February 2006 Final day of dealing on Official List Tuesday 21 March 2006 Admission to and first day of dealing on Wednesday 22 March 2006 AIM The Board is also pleased to announce that, subject to shareholder approval of the de-listing and transfer to AIM, Charles Stanley Securities will be appointed as the Company's Nominated Adviser and Broker with effect from the admission to AIM. Copies of the circular, which are being posted to Eleco shareholders, have been sent to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, situated at: Financial Services Authority 25 The North Colonnade Canary Wharf London E14 5HS 26 January 2006 Enquiries: Eleco plc John Ketteley Executive Chairman David Dannhauser Finance Director +44 (0)1920 443830 Charles Stanley Securities Richard Thompson / Philip Davies +44 (0)20 7953 2457 Binns & Co Tarquin Edwards +44 (0)20 7786 9600 This information is provided by RNS The company news service from the London Stock Exchange