MITCHELL COMMUNICATION GROUP LIMITED (ASX.MCU)

delisted following confirmation of the implementation of the scheme of arrangement by which Aegis Group plc has acquired all of the issued shares of the Company

we understand that under the scheme of arrangement Mitchell shareholders received 0.502475 New Aegis Shares plus A$0.190025 cash for every Mitchell share (share consideration) or $1.20 cash (cash consideration) or 0.502475 New Aegis Shares and A$0.190025 cash for every Mitchell share elected to receive Share Consideration; and $1.20 cash for every Mitchell share elected to receive Cash Consideration (mixed consideration) - (appears to us that shareholders choosing "share consideration" or "mixed consideration" received the same entitlement)

Deutsche Bank AG sold its 22,410,430 Mitchell Communication Group Ltd shares or 7.42% of the share capital from October 28, 2010 to November 17, ceasing to be a substantial shareholder

the previously announced scheme of arrangement ("Scheme") with Aegis Group plc ("Aegis") has been fully implemented. All shares in Mitchell have now been registered in the name of Aegis. An application to remove Mitchell (ASX: MCU) from the official list of the ASX has been made. It is expected that Mitchell will be delisted from the ASX following the application

the Mitchell Communication Group ("Mitchell") has today been advised by its share registry of an error, by the registry, in the processing of three valid scheme election forms. The impact of correcting these errors is an increase in the number of Share Consideration elections by 205,411 and a corresponding reduction in the number of Cash Consideration elections. Whilst the previously stated scale back of 15.8% applied to share requests remains unchanged, the error has a minor decimal place impact on: (i) the number of New Aegis Shares issued for all 100% Share Consideration elections; and (ii) the number of New Aegis Shares issued and Cash Consideration for all Mixed Consideration elections. The restated results are released

on 20 August 2010, the Mitchell Communication Group ("Mitchell") lodged a Class Ruling request with the ATO. The purpose of the request was to seek the Commissioner of Taxation's ("Commissioner") views on specific income tax issues for the Mitchell shareholders in relation to the Mitchell $0.05 per share, fully franked, final dividend in respect of the year ended 30 June 2010 ("Mitchell Dividend") and the disposal of the Mitchell shares to Aegis Group plc ("Aegis") under the proposed scheme of arrangement between Mitchell and its shareholders ("Scheme"). Today, the ATO provided Mitchell with its Class Ruling. Based upon its review of the Class Ruling, Mitchell is satisfied that it covers the matters set out in its application. Moreover, Mitchell is satisfied that the tax consequences are consistent with the tax opinion provided by Ernst & Young as contained within the Scheme Booklet. In particular, Mitchell shareholders that are qualified persons for the purposes of the holding period requirements should receive the benefit of the franking credits associated with the Mitchell Dividend. For further details, please refer to the Ernst & Young tax opinion provided within the Scheme Booklet

Mitchell Shareholders who hold shares on the record date for determining entitlements to receive the Scheme Consideration (5pm, 9 November 2010) will be entitled to receive, at their election: ? $1.20 cash for each Scheme Share held (Cash Consideration); or ? 40 new Aegis Shares for every 67 Scheme Shares held (Share Consideration). The Scheme Consideration is expected to be paid to Mitchell Shareholders on 17 November 2010

the securities of Mitchell Communication Group Limited (the "Company") will be suspended from official quotation from the close of trading today, 1 November 2010, at the request of the Company, following lodgement with the Australian Securities & Investments Commission of the Supreme Court of Victoria orders approving the scheme of arrangement by which Aegis Group plc will acquire all of the issued shares of the Company

we understand that on or about this date the company undertook, proposed to undertake or was the subject of the following corporate action: - merger with Aegis Group plc - this corporate event may appear elsewhere in this company record

name changed from Emitch Limited