The Trust Board is very pleased to announce that, following the second ballot of recent months, our valued members have agreed to our firm recommendation that the Trust's shareholding be sold to the consortium led by Mr Bosomworth.

The sale of the shares will be subject to the following strict conditions:-

a)If, at any time in the future, the Consortium want to sell or otherwise dispose of the shares, the Trust is to be given first option of buying them back for £1.00.

b)Irrespective of a) above, the Trust have the right to buy back the shares for £1.00 on 31/07/09 and subsequently by way of annual review.

c)There are no restrictions on the Trust buying more shares at any time.

d)The Football Club is to hold it's AGM on time every year.

e)Firm agreement to frequency of consultations.

The deadline for the ballot was 5pm, Friday 21/09/07, and of the 315 ballot papers issued, 293 were returned, of which 273 voted in favour, 20 against with no abstentions.

This is a resounding endorsement of support for Mr Bosomworth and Mr Ham and unquestionably represents further positive news for our Football Club.

The Trust Board is now taking legal guidance in order to have the necessary water-tight documentation prepared as soon as possible for mutual agreement with the consortium's own legal representatives. In this respect, the Trust Board will be working closely with both Supporters Direct and Messrs Cobbetts, Solicitors, of Manchester.

The Trust Board, on behalf of all its members, now looks forward to a much anticipated rapid conclusion to the takeover, at which time we will begin consultation with the membership to determine the Trust's strategy in what will essentially be a new era for both the Trust and Halifax Town.

At all times, the Trust will continue to represent the views of the membership in our dealings with both Halifax Town and the Shay Stadium Trust.

Our thanks again to all our Trust members.