Norcros Regulatory News (NXR)

22 November 2017

Norcros plc

Results of Firm Placing and Placing and Open Offer

and

General Meeting

On 2 November 2017, Norcros plc ("Norcros") announced the details of a proposed Firm Placing and Placing and Open Offer to raise £31.4 million through the issue of 18,254,161 New Ordinary Shares at a price of 172 pence per share, with 6,165,312 New Ordinary Shares to be issued through the Firm Placing and 12,088,849 New Ordinary Shares to be issued through the Placing and Open Offer.

The Open Offer closed for acceptances at 11.00am on 21 November 2017. Norcros is pleased to announce that it has received valid acceptances under the Open Offer in respect of 6,734,737 Open Offer shares from Qualifying Shareholders. This represents approximately 55.7 per cent. of the Open Offer Shares. Of the valid acceptances received, 6,446,855 New Ordinary Shares were satisfied pursuant to the Open Offer (representing all of the valid acceptances received in relation to Open Offer Entitlements) and 287,882 New Ordinary Shares were satisfied pursuant to the Excess Application Facility.

Accordingly, the remaining 5,354,112 Open Offer Shares, representing approximately 44.3% of the Open Offer Shares to be issued through the Placing and Open Offer, will be allocated to the investors with whom they had been conditionally placed under the Placing.

Norcros is also pleased to announce that all Resolutions set out in the Notice of General Meeting regarding the proposed acquisition of Merlyn Industries Limited and the associated Capital Raising were passed. Each Resolution was passed on a poll and received the support of at least 99.95% of the votes cast.

Full details of the Resolutions were set out in the prospectus issued by Norcros on 2 November 2017, which is available on Norcros' website at www.norcros.com ("Prospectus"). All words and expressions which are detailed in the Prospectus shall, when used in this announcement, bear the meanings respectively ascribed to them in the Prospectus.

In accordance with Listing Rule 9.6.2, copies of all the Resolutions passed will be submitted to the National Storage Mechanism and will be available for inspection at http://www.morningstar.co.uk/uk/nsm

Applications have been made to the FCA and London Stock Exchange, respectively, for the 18,254,161 New Ordinary Shares to be admitted to the premium listing segment of the Official List and to trading on the Main Market. It is expected that Admission in respect of the New Ordinary Shares will become effective and dealings in the Firm Placing Shares and the Open Offer Shares will commence at 8.00 a.m. on 23 November 2017. Following Admission, the number of Ordinary Shares in issue is expected to be 79,948,469.

For further information please contact:

For further information, please visit the Company website:

www.norcros.com