KBC.L Regulatory News (KBC)

5 December 2014

KBC Advanced Technologies plc

Director's Dealings & DTR disclosure

KBC Advanced Technologies plc (the "Company" or "KBC") received notification on 4 December 2014 from Kestrel Partners LLP ("Kestrel") that on 4 December 2014 it acquired, on behalf of its discretionary clients, 50,000 ordinary shares in the Company at a price of £0.864 per share.

Kestrel is the investment manager to Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities"), and various other clients. This disclosure relates to indirect shares and voting rights in the Company that are managed by Kestrel on a discretionary basis.

Oliver Scott (Non-Executive Director of KBC) is a partner of, and holds a beneficial interest in, Kestrel. Mr Scott is also a shareholder in Kestrel Opportunities and is therefore deemed to have a legal beneficial interest in Kestrel Opportunities' entire legal holding in KBC.

Prior to this purchase of shares, Kestrel on a combined basis indirectly held shares and voting rights over 10,531,497 ordinary shares in the Company.

Following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a legal beneficial interest in) 9,520,928 ordinary shares in the Company. Kestrel's other discretionary clients, in which Mr Scott has no legal beneficial interest, hold a further 1,060,569 ordinary shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 10,581,497 ordinary shares in the Company, which represents approximately 12.97 per cent of the Company's issued share capital.

Save as disclosed above, Mr Scott has no interest in any further shares in KBC, either directly or indirectly.

Kestrel's interest in KBC is held through the following nominees:

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