Plant Impact Regulatory News (PIM)

For Immediate Release 3 June 2015

Plant Impact plc

("Plant Impact" or the "Company" and,

together with its subsidiaries, the "Group")

Trading Update

Continued Progress in Trading and Investment in Soy and Wheat Programmes

Plant Impact plc (AIM: PIM), an agricultural bioscience company that develops and markets crop enhancement and speciality nutrition products, announces the following trading update for the three and nine months periods ended 30 April 2015.

The Group continues to make progress in trading. Revenue for the nine month period was £3.1m (2014: £1.7m) and revenue in the three month period was £0.6m (2014: £0.6m). This third quarter revenue comprises shipments to the Group's European and Northern Hemisphere customers. Shipments to these customers continue through to the end of the financial year (31 July). We expect modest growth in Europe through the balance of the financial year, accordingly the Directors anticipate the outcome for the full year to be in line with expectations. 

The Group traded profitably through the nine month period: net profit after tax in the nine month period ended 30 April 2015 was £0.1m (2014: loss of £0.8m).

The Group's cash balance at 30 April 2015 was £8.1m (2014: £0.6m). £1.94m was received from Bayer CropScience following the announcement in February of a soy product development agreement, and a further £5.85m was received from the placement of 15 million shares in March. 

The Group has good orders for the 2015/16 Brazilian soy season and a marketing campaign is already underway aimed at Brazilian dry bean growers. Expectations for the 2015/16 Brazilian season will be further informed by market and usage feedback from the previous season.

In line with plans announced at the time of the March fund raising, the Group has commenced a multi-year programme to develop and launch new Crop Enhancement products. This programme includes projects to develop additional products for Brazilian soy, to follow on the successful launch of Veritas; further investment in the Group's early-stage product pipeline for wheat; expansion of the Group's scientific and marketing staff; and early planning for a presence in other Latin America markets and the United States. 

 John Brubaker, CEO of Plant Impact, commented: "I am delighted to announce another successful period for Plant Impact. The implementation of a multi-year investment programme marks another exciting step taken for the Company and one that seeks to contribute further to its progress. We are thrilled that our emphasis on strategy in previous months is achieving successful results and has enabled us to deliver for our shareholders. We look forward to continuing to do this in the future"

The Company will host an Open Day for current and prospective investors at its research facilities and head office at the newly-opened Conference Centre, Rothamsted Centre for Research and Enterprise, West Common, Harpenden, Hertfordshire, AL5 2JQ. The event will be held on 3 July 2015, from 10:00am to 1:00pm. Attendees are requested to pre-register by emailing the Company at investorrelations@plantimpact.com.

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