Result of AGM

18 June 2007

STM Group Plc (AIM:STM), the cross border financial services provider, held its AGM earlier today.  All the resolutions set out in the notice of annual general meeting of the Company dated 24 May 2007 were duly passed.


For further information, please contact:

STM Group Plc  
Tim Revill, Chief Executive Tel: 00 350 51610
Matt Wood, Non-executive director Tel: +44 (0) 20 7752 0215
  www.stmgroupplc.com
   
Daniel Stewart & Co. Plc  
Lindsay Mair / Tessa Smith Tel: +44 (0) 20 7776 6550

Media enquiries:

Abchurch  
Henry Harrison-Topham / Charlie Jack Tel: +44 (0) 20 7398 7706
henry.ht@abchurch-group.com www.abchurch-group.com


Notes to editors

STM was formed in 2007 specifically to become a leading financial services group operating in the Corporate and Trustee Service Provider (CTSP) sector. The Company listed on the AIM market of the London Stock Exchange on 28 March 2007.  The traditional business of CTSPs is to administer and manage personal, family and commercial assets and income streams in tax efficient jurisdictions.  The Company’s aim is to grow through acquiring and consolidating high quality existing CTSPs which offer complementary products and services and that operate in complementary tax efficient jurisdictions to those provided by STM’s first acquisition, the Gibraltar based CTSP, Fidecs Group Limited (“Fidecs”).  Fidecs was acquired by STM upon its Admission to AIM and changed its name to STM Fidecs

STM Fidecs is one of the largest financial services firms in Gibraltar and employs 80 people.   It specialises in financial planning for both High Net Worth individuals (“HNWI”) moving to work, living or retiring overseas or making cross-border investments, and for entrepreneurial, predominantly, owner-managed businesses, expanding into or re-locating to other, frequently lower tax, jurisdictions. It also includes an insurance management division, specialising in providing set up and management services to newly formed insurance companies operating out of Gibraltar. In the year ended 31 December 2006, Fidecs reported turnover of £5 million with post tax profit of £1.7 million. In June 2007 STM announced the conditional acquisition of the Atlas Group of companies, the privately held CTSP provider, based in Gibraltar which will be integrated into the operations of STM Fidecs.

The CTSP market is fragmented in nature, comprising a small number of very large international financial services groups and a large number of relatively small trust and company management businesses regulated by, and operating out of, single offshore jurisdictions. The HNWI market, a key market for CTSPs, has continued to expand strongly, due to buoyant stock markets, rising house prices and global economic growth. Leading surveys estimated that aggregate global high net worth wealth, would grow to US$40 trillion by 2008, an increase of some 40 per cent. over 2004.

Further information on STM Group can be found at www.stmgroupplc.com