Subscription and change of name announcement

Press Release - 17/03/2012

Indian Restaurants Group plc (“IRG” or the “Company”) announces that it has completed a share subscription raising £320,000 (approximately £300,000 net of expenses) through the issue of 32,000,000 new ordinary shares of 0.5p each, at a subscription price of 1p per new ordinary share (“Subscription Shares”). The Company is also pleased to report that the Board has been enlarged by the appointment of three new non-executive directors, John Berry, Matt Wood and John Morton.