DFD Debt Free Dir.

RNS Number:8114C
Debt Free Direct Group PLC
24 August 2007



                           DEBT FREE DIRECT GROUP PLC

                     ("Debt Free Direct" or "the Company")

                                 Result of EGM

On 1 August 2007 Debt Free Direct announced a proposal to cancel its share
premium account in order to create sufficient distributable reserves to enable
the Company to buy back up to 4,500,000 ordinary shares.

At the extraordinary general meeting of the Company which took place earlier
today, the resolutions proposed to effect the cancellation of share the premium
account and to authorise the share buyback were duly passed.

Debt Free Direct now intends to petition the court for approval of the
cancellation of its share premium account. The Company will announce the details
of the Court timetable in relation to the cancellation of the Company's Share
premium account at such time as the relevant dates become available.

Enquiries:

Debt Free Direct Group plc
Andrew Redmond, Chief Executive Officer     0845 296 0100
Paul Latham, Finance Director               0845 296 0200

Numis Securities
Chris Wilkinson                             020 7260 1000

Financial Dynamics
Ed Gascoigne-Pees                           020 7269 7132
Nick Henderson                              020 7269 7114


Notes

Debt Free Direct helps individuals find the best solution to their debt
problems, based upon an analysis of their particular financial circumstances.
Financial information on an individual is processed through a computer model
(the Best Advice Model) developed by Debt Free Direct in order to recommend a
solution suitable for that individual's particular financial circumstances. The
solutions offered range from basic advice, such as simply destroying credit
cards and curbing unnecessary expenditure, to the following solutions:

   * consolidation loan
   * re-mortgage
   * informal arrangement
   * individual voluntary arrangement (IVA)
   * bankruptcy

Debt Free Direct is unique in the marketplace in that, unlike most of its
competitors who sell specific products, Debt Free Direct looks to provide the
best advice to the consumer and recommends them the most appropriate service.

Debt Free Direct is based in Chorley, Lancashire, and was admitted to AIM in
December 2002.






                      This information is provided by RNS
            The company news service from the London Stock Exchange

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