ORB Technology Limited / Result of Special General Meeting

RESULT OF SPECIAL GENERAL MEETING

Shareholders will be aware that a special general meeting of ORB Technology Limited was held at 9.30 a.m. on Tuesday 25 September 2007.  The purpose of the meeting was to determine the future direction of the company.

A majority of shareholders, whether present in person or by proxy, voted in favour of Resolution 2, which was "That the company proceed with a compulsory redemption of shares and subsequent closure of ORB Technology Limited."  A poll was conducted, and 2,536,535 shares were voted in favour of resolution 2 and 1,882,330 shares were voted against resolution 2. 

The vote on resolution 1 (to convert to a NASDAQ-100 index fund, the other option put to shareholders) was lost, as 1,882,330 shares were voted in favour but 2,536,535 shares were voted against that option.

The Directors will now take the following actions:

• Instruct Citibank (the guarantor) to convert all assets of ORB to cash;
• Pay all creditors of ORB;
• Obtain fixed fee cost estimates to finalise the affairs of ORB; and
• Determine an amount per share that can be distributed to shareholders on compulsory redemption of their shares.

As soon as that amount can be determined, the Directors will write to shareholders to formally advise them of the details of the compulsory redemption, and seek instruction on how shareholders want to be paid.  As soon as possible after receiving direction from shareholders, the amounts will be paid as instructed.

By order of the Board

Chairman