MORT.L Regulatory News (MORT)

7 September 2015

Mortice Limited

("Mortice", the "Company" or the "Group")

Completion of Acquisition of Office & General Group Limited

Further to the announcements made on 4 August 2015 and 1 September 2015, Mortice Limited (AIM: MORT), the AIM listed security and facilities management company, is pleased to announce that its wholly owned subsidiary, Tenon Facility Management UK Limited ("Tenon UK"), has completed the acquisition of the entire issued share capital of Office & General Group Limited ("O&G Group") (the "Acquisition").

Mortice has issued a total of 3,000,000 new ordinary shares of no par value each ("Ordinary Shares") credited as fully paid at £1 per new Ordinary Share as part of the initial consideration for the Acquisition (the "Initial Consideration Shares"), with 1,800,000 new Ordinary Shares having been issued to Grae Scott and 1,200,000 new Ordinary Shares having been issued to Jonathan Smith, and Tenon UK has paid a total of £2,838,000 in cash to Grae Scott and Jonathan Smith in respect of the balance of the initial consideration for the Acquisition. Grae Scott and Jonathan Smith are the founder and managing director respectively of O&G Group and will be retained by O&G Group after completion as consultants. Application for the admission of the Initial Consideration Shares to trading on AIM will be made and is expected to become effective on or around 11 September 2015.

Following the issue of the Initial Consideration Shares, the total number of Ordinary Shares in issue is 50,700,001 and the total number of voting rights in the Company is 50,700,001. There are no Ordinary Shares held in treasury. The above 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 Financial Conduct Authority's Disclosure and Transparency Rules.

Following the issue of the Initial Consideration Shares, the holders of Ordinary Shares in the Company with holdings in excess of 3% of the Company's enlarged ordinary share capital and of the directors are, to the best of the knowledge of the board of Mortice, as follows:

* Manjit Rajain's holding includes 40,000,000 Ordinary Shares held by Mancom Holdings Limited, a company which is wholly owned by Manjit Rajain.

** Computershare Company Nominees Ltd is the legal owner of a total of 7,700,000 Ordinary Shares, which are held on trust for the holders of depositary interests representing Ordinary Shares. Euroclear Nominees Limited is interested in 4,492,188 depository interests, which is equivalent to 8.86% of the enlarged ordinary share capital of the Company. The Bank of New York (Nominees) Limited is interested in 2,001,923 depository interests, which is equivalent to 3.95% of the enlarged ordinary share capital of the Company.

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