BILB.L Regulatory News (BILB)

Bilby Plc ("Bilby" or the "Group")

Issue of Additional Consideration to DCB (Kent) Limited

Bilby Plc (AIM: BILB.L), the holding company for P&R Installation Company Limited, Purdy Contracts, Spokemead Maintenance Limited, and DCB (Kent) Limited ("DCB"), a group of companies that provide gas heating, electrical and building services, is pleased to announce that DCB has met its earn out performance conditions for the year ended 31 March 2016.

Additional Consideration

As a result of DCB achieving a profit before taxation of more than £650,000 for the year ended 31 March 2016, Bilby will pay an additional consideration of £1.0 million ("Additional Consideration") to the DCB Vendors, of which £500,000 will be paid in cash ("Additional Cash Consideration") and £500,000 through the issue of additional consideration shares ("Additional Consideration Shares").

The Additional Consideration Shares consist of 397,140 ordinary shares valued at 125.90p per share, being the average closing mid-market quotation for an Ordinary Share for the 20 trading days immediately preceding the date of this announcement.

Accordingly, application has been made for 397,140 Additional Consideration Shares to be admitted to trading on AIM. The Additional Consideration Shares will be issued 5 business days from this announcement and it is expected that Admission will occur at 8.00 a.m. on 28 July 2016. The Additional Consideration Shares are subject to a lock-in agreement for 6 months from date of issue. The Additional Cash Consideration will be settled on the same day. The new ordinary shares will rank pari passu with the existing ordinary shares in the Group.

Further Consideration

Subsequent to the settlement of the Additional Consideration noted above, further consideration of up to £1.0 million shall be paid subject to DCB achieving performance targets over the two years ending 31 March 2018 ("Further Consideration") as detailed in the announcement released on 24 March 2016.

Total Voting Rights

Following Admission, Bilby's share capital will consist of 39,729,731 ordinary shares of 10 pence each. No shares are held in treasury. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in Bilby, under the Disclosure and Transparency Rules.

Enquiries:

Bilby Plc 020 8269 3777

Phil Copolo, Deputy Executive Chairman

Katie O'Reilly, Finance Director

Panmure Gordon 020 7886 2500

(Nominated Adviser and Broker)

Dominic Morley

James Greenwood

Hudson Sandler 020 7796 4133

(Financial PR)

Charlie Jack

Emily Dillon