Fih Group Regulatory News (FIH)

For immediate release

THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

18 April 2017

FIH Group plc

("FIH" or the "Company")

Response to Announcement by Dolphin Fund Ltd.

The Board of FIH is pleased to note the announcement, released after market hours at 6.43 p.m. on Thursday 13 April 2017, by Dolphin Fund Ltd. ("Dolphin") that it has decided not to proceed with an offer for the Company at this time, following the Falkland Islands Government's clarification on the status of the Falkland Islands Company ("FIC") (the Company's wholly owned subsidiary) in the context of any change in the beneficial ownership of FIC.

The Board of FIH will be issuing a customary Trading Update via RNS on Thursday 20 April 2017 outlining details of the Company's expected trading results for the year ended 31 March 2017, which remain subject to audit. The Trading Update will include details of the Board's views on the strategic direction of the Company following the lapsing of the offer by Staunton Holdings Limited, the decision of Dolphin not to proceed with an offer and the recent changes in the composition of the Company's shareholder register.

Enquiries:

FIH Group plc Tel: +44 (0) 1279 461 630

John Foster

WH Ireland Limited Tel: +44 (0) 20 7220 1666

Joint Financial Adviser and Nominated Adviser to FIHAdrian HaddenNick Prowting

Strand Hanson Limited Tel: +44 (0) 20 7409 3494

Joint Financial Adviser to FIHSimon RaggettStuart FaulknerMatthew Chandler

FTI Consulting Tel: +44 (0) 20 3727 1000

Communications adviser to FIHEdward WestroppEleanor Purdon 

This announcement does not constitute an offer to purchase any securities, or an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer to purchase or sell securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The release, distribution or publication of this announcement in jurisdictions other than the UK may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the UK should inform themselves about and observe any applicable requirements.

WH Ireland Limited ("WH Ireland"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as joint financial adviser and nominated adviser to FIH and no-one else in connection with the possible offer and other matters referred to in this announcement and will not be responsible to anyone other than FIH for providing the protections afforded to clients of WH Ireland or for providing advice in relation to the possible offer, the contents of this announcement or any other matter referred to herein. Neither WH Ireland nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of WH Ireland in connection with this announcement and any statement contained herein or otherwise.

Strand Hanson Limited ("Strand Hanson"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as joint financial adviser to FIH and no-one else in connection with the possible offer and other matters referred to in this announcement and will not be responsible to anyone other than FIH for providing the protections afforded to clients of Strand Hanson or for providing advice in relation to the possible offer, the contents of this announcement or any other matter referred to herein. Neither Strand Hanson nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Strand Hanson in connection with this announcement and any statement contained herein or otherwise.