MORT.L Regulatory News (MORT)

18 June 2015

Mortice Limited

("Mortice" or the "Group")

Year end trading update

Mortice Limited (AIM: MORT), the AIM listed security and facilities management company, provides the following trading update for the year ended 31 March 2015:

Group turnover is expected to be in-line with current market expectations showing an improvement on the previous year of approximately 20%. Due to increased investment during the year (in sales and marketing, a new Enterprise Resource Planning system, the creation of a new command centre in Gurgaon and the start-up of operations in Sri Lanka), as well the impact of maintaining competitive pricing within the Facility Management Division and the additional costs associated with the strategy of seeking growth beyond the business's organic performance, growth in profits is expected to be lower than current market expectations. EBITDA is now expected to be approximately US$4.2m, an increase of c. 21.8% on the previous year (2014: US$3.45m) and, as a result, Group PBT is expected to be approximately US$2.2m, up c. 19.2% year-on-year.

Mortice intends to publish its preliminary results for the year ended 31 March 2015 by 31 August 2015.

The financial information contained in this announcement remains subject to review by the Group's auditors as part of the usual year end audit process.

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