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14 March 2018 Conviviality Plc (the "Company") Update re: Interim Dividend Conviviality Plc (AIM: CVR), the UK's leading independent wholesaler and distributor of alcohol and impulse serving consumers through its Franchised retail outlets and through hospitality and food service, announces that following the suspension of the Company shares from trading and pursuant to the steps being taken by the Company to address the short term funding requirement, the Board have resolved to cancel the interim dividend of 4.5 pence per share that was due to be paid on Friday 16 March 2018. As a result of the cancellation of the dividend, the Company's cash position is improved by approximately �8.2 million. Enquiries: Conviviality Plc Tel: 01270 614 700 Diana Hunter, Chief Executive Officer Mark Moran, Chief Financial Officer Investec (Nominated Adviser and Broker) Tel: 020 7597 5970 Garry Levin / David Flin / Daniel Adams FTI Consulting Tel: 020 3727 1000 Jonathon Brill / Georgina Goodhew / Fiona Walker

Further to the announcements made by Conviviality Plc on 8 March 2018 and 13 March 2018, the Company yesterday identified a payment due to HM Revenue & Customs of approximately �30.0 million which falls due for payment on 29 March 2018 and which has not been accrued for within its short term cash flow projections. This has created a short term funding requirement. The Company's announcement on 13 March 2018 confirmed an expected range of adjusted EBITDA of between �55.3 million and �56.4 million. To the extent that the current situation creates operational difficulties, this may negatively impact the adjusted EBITDA range. The Company is currently in compliance with its banking covenants. The next covenant test date is 29 April 2018. The Company is subject to two banking covenants (i) for covenant debt (which excludes any amount drawn down under the Company's invoice discounting facility) to be less than 2.5 times the last 12 months adjusted EBITDA, and (ii) adjusted EBITDA to be at least 4 times the net financial charge. The Company is fully drawn under its term loans and revolving credit facility and covenant net debt at 29 April 2018 is expected to be approximately �113.0 million (which excludes any amount drawn down under the Company's invoice discounting facility). Based on the expected adjusted EBITDA of between �55.3 million and �56.4 million, this would give rise to a covenant test result of 2.04x to 2.00x adjusted EBITDA. The Company continues to expect net debt to be approximately �150.0 million for the period ending 29 April 2018 including the invoice discounting facility. The Company has engaged PwC to assist it in its forthcoming discussions with HM Revenue & Customs and its key stakeholders including its lending banks, credit insurers, suppliers and other creditors, as well as to determine the potential impact of any resulting funding requirement on the Company's adjusted EBITDA expectation and compliance with its banking covenants. Following preliminary advice received from PwC, whilst there can be no guarantee, the Board believes this short term funding requirement will be satisfactorily resolved. A further update will be made in due course Temporary Suspension of Trading on AIM Whilst the Board considers the anticipated impact of the above on the Company's funding position, the Company has applied for suspension of trading in the Company's ordinary shares on AIM with effect from 7:40 a.m. today.

Error - Dear All, I have erred! The fund raise is not on the 16th - will be later in the month. I misread the document below. Sorry! -- BB -- "Dear Option Holder NOTICE TO OPTION HOLDERS OF NON-RENOUNCEABLE PRO RATA ENTITLEMENT OFFER We write to you as the registered holder of options in Newfield Resources Limited (Company) (ASX: NWF) as at today's date. As advised in the Company's ASX announcement dated 12 March 2018, the Company is undertaking a non-renounceable pro rata entitlement offer to eligible shareholders at an issue price of $0.15 per new share (New Shares) on the basis of 74 New Shares for every 100 shares held at the record date of 16 March 2018 (Record Date) (Offer). Pursuant to the Offer, the Company will issue approximately 200,231,668 New Shares to raise approximately $30 million before costs. The Offer is underwritten by Townshend Capital Pty Ltd. On 12 March 2018, the Company announced that the Boards of the Company and Stellar Diamonds plc (Stellar) had reached agreement on the terms of a recommended combination of the Company and Stellar via an all-scrip transaction to be effected by a Court-sanctioned scheme of arrangement of Stellar under Part 26 of the UK Companies Act 2006 (Stellar Scheme). Pursuant to this combination, the Company would acquire 100% of the issued and to be issued share capital of Stellar. The Offer is conditional upon the completion of the Stellar Scheme. If the Stellar Scheme is not effected then the Offer will be withdrawn and all application monies received will be returned to applicants in accordance with the provisions in the Corporations Act. The Offer will be available to all shareholders of the Company registered on the Record Date whose registered address is in Australia or New Zealand (Eligible Shareholders). A prospectus in relation to the Offer was lodged with ASIC on 12 March 2018 and announced on the ASX market announcements platform on 12 March 2018 and is intended to be sent to Eligible Shareholders on 21 March 2018. Under the terms of the options you currently hold, there is no entitlement to participate in the Offer (in respect of your options) unless you exercise your options, and are entered onto the register as a shareholder of the Company by the Record Date. If you do not wish to participate in the Offer (in respect of your options), no action is required. Before deciding whether to exercise all or any of your options, you should consider the Prospectus carefully and if in any doubt, consult with your professional advisor. If you require clarification on any of the above matters, please contact the undersigned on +61 8 6389 2688. Yours faithfully"

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