MORT.L Regulatory News (MORT)

Mortice Limited

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

Tenon Group announces the appointment of three new Managing Directors

Mortice Limited (AIM:MORT), the AIM listed security and facilities management company, announces that its wholly owned subsidiary, Tenon Group, has appointed three new Managing Directors effective immediately.

Mr. Siddharth Dahiya and Mr. Rakesh Tripathie are the new Managing Directors of Mortice's Peregrine Guarding division while Mr. Angad Rajain will be heading up the Company's Tenon Facility Management subsidiary as Managing Director.

The new appointments come at a time of significant growth for Tenon Group which has expanded its geographical footprint through the strategically planned acquisitions of facility management company, Office & General Group Limited ("O&G Group") in UK and security services and products company Frontline Security Pte. Ltd. ("Frontline Security") in Singapore.

The Company is focused on national and international expansion and the new appointments will help develop growth opportunities as the Company builds on the momentum achieved across all divisions to date.

Mr. Siddharth Dahiya and Mr. Rakesh Tripathie have been associated with Peregrine Guarding for more than 10 years and have commendable experience in the security industry domain. Mr. Angad Rajain a Management Graduate from Yale University and who has work experience from Blackrock, brings with him wide industry knowledge and expertise.

Commenting on the new appointments, Executive Chairman, Maj. Manjit Rajain said:

"Our biggest assets are our employees. We are delighted to promote these individuals who through their hard work, passion and commitment to excellence, help us differentiate ourselves in the market place.

"With the Company growing and expanding at such a rate, the fact that we have such a strong team and ability to promote people within the organization enables us to continue the rapid evolution of the organisation."

The Group CEO, Brig Rajan Oberoi added:

"These new appointments are not only pivotal to the growth of the Group but also reflect the HR values and policies which emphasise employee growth as the key differentiator. The three new Managing Directors will be responsible for implementing operational improvement initiatives and best practices across the Peregrine Guarding and Tenon Facility Management businesses. We are delighted to appointment them in their new roles as we embark upon a dynamic new chapter of growth and expansion."

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About Tenon Group of Companies

The Tenon Group of Companies, an Integrated Security & Facilities Management Corporation has a global presence in six countries and spread across India with over 50,000 employees in 71 branches, providing comprehensive range of services to more than 1800 + corporate.

Founded by Major Manjit Rajain, the company started with manned guarding services - Peregrine Guarding which quickly established itself as the premier establishment in this space. It has been independently rated by KPMG, EY and Deloitte as amongst the top 5 service providers in the country.

The group's vision for growth led to the expansion of the business and in 2007, Tenon Integrated Facilities Management Services was established. In 2009 the corporation was further strengthened by the acquisition of a leading electro mechanical service provider - Rotopower.

With the listing in the London Stock Exchange (AIM) through its parent company Mortice Limited, registered in Singapore, Tenon has the distinction of being the only corporation in Asia offering Integrated Facility Management Services, Security and Electrical & Mechanical services to be featured.

In 2013 Tenon expanded its global footprint and established its presence in Saudi Arabia and Sri Lanka through Saudi Tenon and Tenon Lanka, respectively.

2014 was another landmark year for Tenon both in terms of market expansion and new business venture. Globally Tenon made a significant foray in Netherlands through a joint venture with Amsterdam Arena International and the business saw expansion through a launch of a new vertical - Soteria, the state of the art Control and Command Center offering remote surveillance services.

In 2015 Tenon augmented its vision of expansion further by 100% acquisition of UK based Facility Management company - O&G Group and 51% acquisition of Singapore based Security Company - Frontline Security.

Today Tenon is certified for ISO 14001:2004, ISO 9001:20 and OHSAS 18001:2007

In 2005 Peregrine Guarding was awarded the Fastest Growing Manned Guarding Company and the Executive Chairman of the Group Major Manjit Rajain has been felicitated by CAPSI for the Security Entrepreneur Award in 2008 and Security Leadership Award in 2012. Tenon Group of Companies was awarded with the Prestigious Gold Medal and the Group Chairman was conferred with the International Award for Excellence by the Institute of Economic Studies in September 2015.