Conviviality Retail Regulatory News (CVR)

12 September 2016

Conviviality Plc

("Conviviality" or the "Company")

Issue of Equity and Grant of Options

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, on 12 September 2016, the Remuneration Committee of the Company issued David Robinson, Managing Director of Conviviality Retail, 36,667 new ordinary shares of £0.0002 each in the capital of the Company ("Ordinary Shares") and 36,667 options over Ordinary Shares (the "Options") in order to compensate him for forfeited incentives from his previous employer.

The Options vest on the first anniversary of his employment with the Company. They are subject only to his continued employment with the Company and expire on the date which is 10 years from the date of grant. An aggregate sum of £1.00 is payable to the Company on any event of exercise of any part of the Options.

The Options have been granted under the Conviviality Plc Share Option Plan 2015 and are based on the closing price of the Company's shares on 1 July 2016, being the date David's employment with the Company became effective.

Application will be made for the 36,667 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on 16 September 2016. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares. Nil consideration is due in connection with the issue of the 36,667 new Ordinary Shares. Following allotment of the new Ordinary Shares, the total issued share capital of the Company will consists of 171,137,463 Ordinary Shares with one voting right per share.

The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of voting rights in the Company is 171,137,463. This 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, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Following the issue of the new Ordinary Shares and the grant of the Options, David Robinson is interested in 36,667 Ordinary Shares, representing approximately 0.02% of the Company's total voting rights and 36,667 options over Ordinary Shares.

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