Results of AGM, Change of Name

Formjet Plc 

("Formjet" or the "Company") 

Change of name to Third Quad Capital Plc

Change in Director’s duties, and Director’s interest

Formjet PLC, the AIM listed alternative software vendor, announced in its preliminary results on 4 February 2010 that it was proposing to change the name of the Company at the Annual General Meeting to Third Quad Capital Plc.

The Annual General Meeting was held at 11.30 a.m. today. Following the Annual General Meeting, the Company is pleased to announce that shareholders passed all the resolutions contained in the notice of meeting.

The name of the Company will be changed at Companies House today and the Company’s Ordinary Shares will trade under the new name with effect from 5 March 2010. The Company’s new TIDM (ticker symbol) is ‘TQC’. No new share certificates are being issued in respect of existing Ordinary Shares held in certificated form. Shareholders should retain their existing share certificates which will continue to be valid.

With effect from today, in compliance with AIM Rule 26, details of the Company will now be available on the new website address www.thirdquadcapital.com.

The Company announced on 4 February 2010 that Lyndon Chapman would step down as Executive Chairman following the AGM and his existing service contract has been terminated. Lyndon Chapman has agreed to act as Non Executive Chairman for a period of two years, the terms of his new engagement including an allotment of 10,000,000 Ordinary Shares, credited as fully paid, upon termination of his appointment. Lyndon Chapman already has a beneficial interest in 5,000,000 Ordinary Shares (approximately 1.43% of the Company’s issued Ordinary Shares) and an option on a further 8,387,310 Ordinary Shares (approximately 2.4%).