Conviviality Retail Regulatory News (CVR)

Conviviality Retail Plc

("Conviviality" or "the Company")

Grant of Option

Conviviality Retail Plc (AIM: CVR), the UK's largest franchised off-licence chain, which listed on AIM on 31 July 2013, announces that an option over 195,000 Ordinary Shares of 0.02 pence each has today been granted to Julie Wirth, the Company's newly appointed Chief Financial Officer, under the Company's Employee Share Option Plan (ESOP). This grant is consistent with the intention disclosed in the Company's AIM Admission Document.

The exercise price of the option granted is 100p per Ordinary Share, and EBITDA linked performance criteria and a three year service condition must be met in order for the option to become exercisable. The option can be exercised (subject to performance conditions being met) for a period of 10 years from 4 November 2013.

Following this grant, Julie Wirth holds an option over 195,000 Ordinary Shares, representing 0.29% of the Company's issued share capital.