Norman Broadb Regulatory News (NBB)

17 November 2014 Norman Broadbent plc ("Norman Broadbent" or "the Company") Fundraising for re-modelling and accelerate growth Norman Broadbent, a leading provider of executive search, leadershipconsultancy and complementary recruitment services is pleased to announce thatit has raised £500,000 (the "Subscription") through the issue of 2,617,801 newordinary shares in the capital of the Company at a price of 19.1 pence pershare (the "Subscription Shares") to existing institutional and professionalinvestors. The Subscription is conditional upon admission of the SubscriptionShares to trading on AIM ("Admission"). The net proceeds of the Subscription amounting to £487,500 will be used to fundthe recent re-modelling of certain aspects of the contingent offering withinAGP and for working capital purposes generally. Pierce Casey, a Director of the Company, has agreed to subscribe for 469,144Subscription Shares as part of the Subscription. Following Admission and theissue of the Subscription Shares his holding in the enlarged issued sharecapital of the Company will be as follows: No. of Shareholding Percentage holding Subscription following of enlarged issued Shares Admission share capital Pierce Casey, Executive 469,144 3,682,242 21.14Chairman In addition, Jon Moulton, a substantial shareholder of the Company, has agreedto subscribe for 568,378 Subscription Shares. Following Admission, Mr Moultonwill be beneficially interested in a total of 3,781,476 ordinary shares,equivalent to 21.71 per cent. of the enlarged issued share capital of theCompany. Ennismore Fund Management LLP ("Ennismore"), a significant shareholder of theCompany has agreed to subscribe for 197,382 Subscription Shares. FollowingAdmission, Ennismore will be beneficially interested in a total of 1,313,203ordinary shares, equivalent to 7.54 per cent. of the enlarged issued sharecapital of the Company. Downing LLP ("Downing"), a substantial shareholder of the Company, has alsoagreed to subscribe for 1,382,897 Subscription Shares. Following Admission,Downing will be beneficially interested in a total of 4,354,122 ordinaryshares, equivalent to 25.00 per cent. of the enlarged issued share capital ofthe Company. Pursuant to the terms of Downing's participation in theSubscription, Downing has a right to appoint a non-executive director to theboard of directors of Norman Broadbent. Due to the fact that Pierce Casey is a Director of the Company and the size ofhis shareholding, his participation in the Subscription constitutes a relatedparty transaction as defined by the AIM Rules. The participations in theSubscription by Jon Moulton and Downing are also related party transactions asdefined by the AIM Rules due to the size of their shareholdings. The Directorsof the Company other than Mr Casey, having consulted with Sanlam Securities UKLimited, the Company's Nominated Adviser, consider that Mr Casey's, MrMoulton's, Ennismore and Downing's participations in the Subscription are fairand reasonable insofar as shareholders are concerned. Application will be made for the Subscription Shares to be admitted to tradingon AIM with Admission expected to become effective on 21 November 2014.Following Admission the Company will have 17,416,487 ordinary shares in issue.For the purposes of the Financial Conduct Authority's Disclosure andTransparency Rules ("DTRs"), the issued ordinary share capital of the Companyfollowing this allotment consists of 17,416,487 ordinary shares with votingrights attached (one vote per share). There are no shares held in treasury.This total voting rights figure may be used by shareholders as the denominatorfor the calculations by which they will determine whether they are required tonotify their interests in, or a change to their interest in, the Company underthe DTRs. Pierce Casey, Executive Chairman, commented: "As indicated in the Chairman's Statement accompanying the Interim Results forthe six months to 30 June 2014, issued on 30 September 2014 consideration wasbeing given regarding a re-modelling of aspects of the contingent offeringwithin AGP. This re-modelling is being effected and the proceeds of theSubscription will be used both for this purpose, coupled with acceleratedgrowth in other promising areas of the business. Trading across the group is currently satisfactory." For further information please contact: Norman Broadbent plc 020 7484 0000Pierce Casey / Sue O'Brien / James Webber Sanlam Securities UK Limited 020 7628 2200Simon Clements / Virginia Bull Notes to Editors Norman Broadbent plc is a leading provider of senior and board executive searchand leadership consultancy and assessment services. Through AGP the Group alsoprovides specialist contingent offerings, including RPO solutions. NormanBroadbent Interim Management provides a dedicated senior interim managementservice focussed on enhanced client returns on investment and long termbenefits. Connecting Corporates and Winning Work, now consolidated under theSocial Media Search brand, provides digital research to assist in houserecruitment as well as assisting professional service firms to drive sales bybespoke exploitation of social media. Headquartered in London, the Group alsohas offices in Los Angeles with a representative office in Singapore.

For further information visit www.normanbroadbent.com