Johnston Press PLC Regulatory News (JPR)

1 June 2017

Johnston Press plc

("Johnston Press" or the "Company")

Property Disposal

Johnston Press plc announces that it has signed an agreement for the sale of its freehold property Telegraph House in York Street, Sheffield (the "Sheffield Property") to Toscafield Property 2 Limited (the "Disposal").

The total consideration receivable by the Company on completion of the Disposal is £3.6 million in cash, with no deferred element. Completion is expected to take place by 30 June 2017. The proceeds will be retained by the Company for working capital purposes.

The Sheffield Property is currently occupied by some of the Company's sales and editorial staff, who will remain in the building for a short transitional period before moving to new fit-for-purpose premises.

The Sheffield Property has a book value of £1.9 million and the Disposal will result in a gain on disposal of £1.7 million before fees.

Market abuse regulation

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.