Introduction

Hot Tuna (International) PLC (AIM: HTT) owns the rights to the Hot Tuna brand, a progenitor of global youth fashion and one of the oldest and most iconic names in action sports, born in Australia with a heritage of authentic surf culture.

With its financial headquarters in London, Hot Tuna operates its design, manufacturing, production, marketing and distribution in downtown Los Angeles, California and also maintains wholly owned operations in Sydney, Australia.

Company History

Hot Tuna was born in Australia in the summer of 1969 to serve the demands of sojourning surfers, the product of a dedicated surfer�s passion fueled by the skill of his fashion designer wife. Spreading on the bodies and boards of watermen through coastal locales in the South Pacific, the brand quickly burgeoned globally, becoming an influential leader in the nascent surf industry and one of the progenitors of the neon era of surf in the '80s. Through the brand�s storied history, a long list of notables, in and out of the water, have waved the Hot Tuna banner at one time or another in their careers, including pro surfers such as Richie Lovett, Robbie Page, Beau Emerton and Drew Courtney.

In September 2005, Hot Tuna (International) PLC purchased the Hot Tuna brand from a consortium of investors and listed it on AIM, a division of the London Stock Exchange.

In the interest of managing its brand profile and distribution globally, the public Company began a rapid acquisition of its licensed interests around the world. Talented designers and key management with apparel business expertise from Quiksilver, O�Neill, Ocean Pacific, Rip Curl and Perry Ellis International, among others, were recruited to drive the process in the key markets of the United States, Australia and the United Kingdom. In July 2006, entrepreneur and fashion icon Elle Macpherson, who grew-up with the brand in Australia, was appointed as an executive director of Hot Tuna (International) PLC, her interests focused on design and distribution issues, as well as overall youth fashion and market insight.

Shares Issued 2,208.28m



Major Shareholders

As at 28 April 2011 the Company has been notified of the following interests of 3% or more in the issued ordinary share capital of the Company:

No of shares

% Holding

XCAP NOMINEES LIMITED A/C NOMINEE

275,500,000

12.31%

CHASE NOMINEES LIMITED A/C ARTEMIS

275,000,017

12.29%

BARCLAYSHARE NOMINEES LIMITED

155,953,121

6.97%

PUMA NOMINEES LIMITED A/C SMPRINC

130,869,476

5.85%

XCAP NOMINEES LIMITED A/C PRINMARK

112,500,000

5.03%

TD WATERHOUSE NOMINEES (EUROPE) LIMITED A/C SMKTNOMS

109,159,849

4.88%

HSBC GLOBAL CUSTODY NOMINEE (UK) LIMITED A/C 985770

82,733,333

3.70%

HSDL NOMINEES LIMITED

81,143,261

3.63%

CREDIT AGRICOLE CHEUVREUX INTERNATIONAL LIMITED A/C 3439

73,401,667

3.28%


http://www.hottunaplc.com/


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Hot Tuna (International) PLC ("the Company")



Result of GM, change of name to Concha plc

and

Holdings in Company



Hot Tuna (International) Plc (AIM: HTT), a leading surf wear and fashion brand, announces that at the Company's General Meeting held today, all of the resolutions proposed to shareholders were duly passed.

Following the passing of the resolutions, the disposal of the domain names, trade marks and certain of the Company's stock (collectively "the Assets") to Project J Newco No.10 Limited, a wholly owned subsidiary of Brands Holdings Limited, for cash consideration of GBP950,000 ("the Disposal") is due to be completed on 7 February 2012. In light of shareholder approval of the sale of the Assets, the Board are winding down operations in the USA, Australia and the United Kingdom.

In addition, following shareholder approval, the Company's name change to Concha Plc (AIM Ticker: CHA) will become effective and the Company will begin trading under its new name from 8:00 a.m. on 7 February 2012.

The Company has also been informed that Credit Agricole Cheuvreux International Ltd no longer has a notifiable interest in the Company and that AXA Investment Managers SA has an interest in 132,333,333 ordinary shares representing approximately 4.26% of the issued share capital of the Company.