Management Resource Solutions Regulatory News (MRS)

19 April 2017

Management Resource Solutions plc

("MRS" or "the Company")

Additional Placing

Further to the announcement made on 10 April 2017, the board of MRS is pleased to announce that, following further demand from new and existing investors, Peterhouse Corporate Finance has raised an additional £500,000, before expenses, on behalf of the Company, by way of a placing of 10,000,000 new ordinary shares ("New Ordinary Shares") at a price of 5p per share (the "Placing").

Completion of the Placing will be conditional on the passing of the necessary Resolutions by the Company's Shareholders at the General Meeting to be held on 27 April 2017 and the suspension of trading in the Shares being lifted (together the "Conditions").

Application will be made to AIM for the New Ordinary Shares to be admitted to trading on AIM (the "Admission"). Subject to the satisfaction of the Conditions and those relating to the placing announced on 10 April 2017, it is anticipated that the suspension of the trading of the shares on AIM will be lifted on or around 7.30 a.m. and Admission will occur on or around 8.00 a.m. in each case on 28 April 2017.

The New Ordinary Shares will rank pari passu with the existing ordinary shares.

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

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