Afriag Global Regulatory News (AFRI)

11 June 2014

AfriAg Plc

("AfriAg" or the "Company")

Placing

AfriAg Plc is pleased to announce that the Company has raised £400,000 gross through the subscription for 100,000,000 new ordinary shares in the Company (the "Subscription Shares") at a price of 0.4 pence per Subscription Share (the "Subscription Price") to a number of placees (the "Subscription"). The Subscription is conditional only upon admission of the Subscription Shares to trading on AIM ("Admission") and has been carried out within the Company's share authorities.

The net proceeds of the Subscription will strengthen the Company's balance sheet and provide working capital for the Company to investigate acquisition and investment opportunities in accordance with the Company's investing policy.

The Subscription Shares will represent 8.65% of the enlarged issued share capital of the Company. Application has been made for the Subscription Shares to be admitted to trading on AIM and it is anticipated that Admission will occur on 17 June 2014.

Following Admission, the Company's enlarged issued share capital will comprise 1,155,501,037ordinary shares. The Company does not hold any shares in treasury. This figure of 1,155,501,037 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

David Lenigas, AfriAg's Chairman, commented:

"Since the creation of AfriAg a year ago, the Company has only raised a net £600,000 to rescue the business (previously 3D Resources plc, which was scheduled for de-listing from AIM), pay out old outstanding creditors and invest in a number of Agri related businesses. This new funding has been secured to enable the Company to continue with its stated investment policy."

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