RNS Number:7046T
BioProgress PLC
29 December 2003

                        BioProgress plc (the "Company")


                    Result of Extraordinary General Meeting
                                       and
  Take-up of the Placing and Open Offer of 14,559,444 Ordinary Shares of 1p each
                                at 50p per share


As set out in the circular dated 3 December 2003 (the "Circular"), the special
resolution of the Company relating to the Placing and Open Offer was duly passed
by shareholders at the extraordinary general meeting held today at 11.00am.

The Company announces that the 1 for 6 Placing and Open Offer of 14,559,444 New
Ordinary Shares at 50p per share as detailed in the Circular closed at 3.00pm on
24 December 2003.

The Company received valid applications in respect of 8,071,117 Offer Shares
from Qualifying Shareholders, which represents an aggregate take-up of
approximately 55.4 per cent. In addition, each of the Directors who hold
Ordinary Shares and certain Shareholders irrevocably undertook not to take up
their entitlement of 2,519,354 Offer Shares and that entitlement was placed firm
with institutional and other investors. The balance of the Offer Shares not
taken up, being 3,968,973 Offer Shares have also been placed with institutional
investors.

It is expected that definitive share certificates in respect of the Offer Shares
will be dispatched to shareholders by 7 January 2004.

Application has been made for these Offer Shares to be admitted to the
Alternative Investment Market ("AIM"). Admission of the Offer Shares to AIM is
expected to become effective at 8.00 am on 31 December 2003.

Definitions used in the Circular apply in this announcement unless the context
otherwise requires.


For further information contact:


BioProgress plc                   01354 655674



Graham Hind, Chief Executive




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