PURE.L Regulatory News (PURE)

PURECIRCLE LIMITED

("PureCircle" or "the Company")

LTIP Update - Options Lapse, Grant and Exercise

PureCircle (LSE: PURE), the world's leading producer and marketer of high purity stevia ingredients provides an update on shares issued under its Long Term Incentive Plan ("LTIP"). The update covers lapses of options due to performance conditions not being met, new options granted to and exercised by Directors, and the issuance of 2,100,000 ordinary shares to satisfy the exercise of options previously granted.

1) Options update for employees and Executive Directors

(a) 1,898,920 options previously granted to employees and Executive Directors under the LTIP have now vested following the fulfillment of performance conditions. These options were all exercised today at a nil exercise price;

(b) 665,614 new options have been granted to employees and Executive Directors and may vest on 1 July 2017 at nil exercise price, subject to performance conditions;

(c) 3,999,154 options previously granted under the LTIP in 2010, 2011 and 2015 have lapsed due to performance conditions not being met.

2) Options granted to and exercised by certain Non-Executive Directors

(a) 13,110 options were granted today in lieu of fees for the period from 1 July 2015 to 31 December 2015. These options have an exercise price of GBP 3.938 per share, calculated based on 20-days volume weighted average share price (VWAP) to 30 June 2015 and shall vest on 1 January 2016; and

(b) 9,990 options previously granted in lieu of fees from 1 January 2015 to 30 June 2015 were exercised today at the price of GBP5.53 per share (based on 20-day VWAP to 31 December 2014).

The interest held by the Directors, following the above movements are as below:-

1 11,300 held indirectly via his spouse

2 5,470 held indirectly via his spouse

3 held indirectly via HSBC Trustee (Jersey) Ltd

4 held indirectly via The CDP 2014 Trust

3) Shares issued and movement in treasury shares

2,100,000 new ordinary shares were issued on 7 July 2015 by the Company to satisfy the 1,908,910 options that had vested as detailed above with the balance of 191,090 shares being held as treasury shares by the Company to satisfy options vesting on an ongoing basis.

Following this issue, the total ordinary shares in issue is 172,206,294 (which includes 221,790 treasury shares). The number of voting rights in the Company has increased to 171,984,504 and should be used by shareholders as the denominator in the calculation of their interest in the Company.

Application has been made for the shares to be admitted for trading on AIM and expected to occur on 10 July 2015.

7 July 2015