Breedon Regulatory News (BREE)

11 May 2018

BREEDON GROUP plc

("Breedon" or the "Company")

Results of Open Offer

Breedon is pleased to announce that the Open Offer, which closed for acceptances at 11.00 a.m. on 9 May 2018, has raised approximately £4.2 million (before expenses). Valid acceptances have been received in respect of 5,542,967 Ordinary Shares, representing a take up of 100 per cent of the Ordinary Shares available under the Open Offer. Qualifying Shareholders who have applied for Open Offer Shares will receive the full number of Open Offer Shares applied for by them and those that made an application under the Excess Application Facility will receive 41.0 per cent of Excess Shares applied for by them.

Certain directors and persons discharging managerial responsibilities of the Company who applied for their entitlement of Open Offer Shares and for additional Ordinary Shares under the Excess Application facility have agreed to withdraw such applications in order to accommodate demand from other Qualifying Shareholders.

Application has been made for the 5,542,967 Open Offer Shares to be admitted to trading on AIM, which is expected to take place at 8.00 a.m. on 14 May 2018. Following Admission, the Company's issued share capital will comprise 1,678,785,998 Ordinary Shares, of which none are held in treasury. Therefore, the total number of voting rights in the Company is 1,678,785,998, which 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 the Company under the FCA's Disclosure Guidance and Transparency Rules.

Open Offer Shares (held in uncertificated form) are expected to be credited to CREST accounts on 14 May 2018 and definitive share certificates for the Open Offer Shares (held in certificated form) are expected to be despatched to shareholders who hold their Ordinary Shares in certificated form within 14 days of 14 May 2018.

Capitalised terms used but not defined in this announcement shall have the same meaning as set out in the circular to shareholders dated 17 April 2018.

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