ISG.L Regulatory News (ISG)

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ISG plc

("ISG" or the "Company")

Placing Update - Exercise of Broker's Option

ISG announces that, further to the Fund Raising announced on 3 March 2015, Numis Securities Limited ("Numis") has exercised the Broker Option in respect of 544,319 Ordinary Shares (the "Broker Option Shares").

The Broker Option Shares are being issued at a price of 170p per Broker Option Share (being equal to the Fund Raising Price) and will be issued on the same terms and conditions as other Ordinary Shares pursuant to the Fund Raising. All of the proceeds of £0.9 million arising from the issue of the Broker Option Shares will, after deduction of commissions and expenses, be received by the Company.

Application has been made to the London Stock Exchange for the 544,319 Broker Option Shares to be admitted to trading on AIM. Admission of the Broker Option Shares to trading on AIM is expected to take place at 8.00am on Thursday 12 March 2015.

Capitalised terms used in this announcement have the meanings given to them in the announcement of the Fund Raising dated 3 March 2015.

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