PHSC Regulatory News (PHSC)

20 August 2014 PHSC PLC Acquisition Earn-out Payment PHSC plc ("the Group"), a leading provider of health, safety, hygiene andenvironmental consultancy services and security solutions to the public andprivate sectors, is pleased to confirm final payment details in respect of itspurchase of QCS International Limited (QCS). An agreed final payment of £105,285 was made to the vendors yesterday, usingcash from the Group's existing resources. This brings the total cash paymentfor the transaction to £425,285. The entire issued share capital of QCS was purchased in July 2012. A combinedsum of £320,000 in cash was paid on completion and at the first anniversary,along with the issue of 79,186 Ordinary Shares in PHSC plc. A final payment of£80,000 was provided for in the Share Purchase Agreement, such amount to bevaried up or down according to a formula that compared EBITDA at the time ofcompletion with the average performance over the two years post-acquisition.Based on this calculation, an additional £25,285 became payable after agreedadjustments and reflects the improved profitability of QCS since it became amember of the Group. QCS specialises in quality, environmental, and health and safety managementsystems and assists organisations by providing practical support and trainingin systems such as ISO 9001, ISO 14001, OHSAS 18001 and ISO 13485. For further information please contact: PHSC plcStephen King 01622 717700Stephen.king@phsc.co.ukwww.phsc.plc.uk Northland Capital Partners Limited(Nominated Adviser & Broker)Edward Hutton / Gavin Burnell / Lauren Kettle 020 7382 1100John Howes / Alice Lane (Broking)