Ra Internation. Regulatory News (RAI)

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This announcement is an advertisement and not an admission document or a prospectus. It does not constitute or form part of, and should not be construed as, an offer to sell or issue, or a solicitation of any offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. Investors should not subscribe for or purchase any securities referred to in this announcement except on the basis of information in the admission document (the "Admission Document") published by RA International Group PLC (the "Company") on 25 June 2018 in connection with the proposed admission of the ordinary shares of 10 pence each in the capital of the Company (the "Ordinary Shares") to trading on AIM, a market operated by London Stock Exchange PLC (the "London Stock Exchange"). Copies of the Admission Document are available during normal business hours on any day (except Saturdays, Sundays and public holidays) from the registered office of the Company and on the Company's website.

29 June 2018

RA INTERNATIONAL GROUP PLC

("RA International" or the "Company" and, together with its subsidiaries, the "Group")

Admission to Trading on AIM and First Day of Dealings

RA International Group PLC, a leading provider of services to remote locations in Africa and the Middle East, is pleased to announce the admission today of its Ordinary Shares to trading on the AIM Market of the London Stock Exchange ("Admission"). Cenkos Securities PLC ("Cenkos") is acting as nominated adviser and broker to the Company in relation to Admission.

Highlights

The Company's Admission Document will be available at https://ragrpplc.co.uk as of Admission.

Soraya Narfeldt, CEO of RA International, commented:

"The AIM Admission today is a significant milestone for RA International and strongly positions the Company to accelerate its growth plans. We are delighted with the backing shown by a wide number of high quality institutional investors and we thank them for their support.

"RA International is very well positioned in the support services market and there are significant opportunities for growth which we intend to capitalise on. We very much look forward to life as a public company and to updating the market on our continued progress in the months and years ahead."

Enquiries:

Background to the Company

RA International was conceived after its founders, Soraya and Lars Narfeldt (CEO and COO), witnessed large organisations unable to provide a comprehensive range of services or manage and complete projects effectively when operating in remote locations, resulting in inefficiencies hindering the progress of peacekeeping, humanitarian and commercial projects. They identified a lack of companies that they believed could provide a comprehensive full service offering, and accordingly founded RA International in 2004 as a specialist provider of services in remote and demanding environments.

The Company is now recognised as a leading provider of remote construction and support services in Africa. It specialises in five service verticals: construction; integrated facilities management; operation and maintenance; accommodation; and supply chain services. It has a strong customer base, largely comprising UN agencies, western governments and global corporations. The Group provides comprehensive, flexible, mission critical support to its clients enabling them to focus on the delivery of their respective businesses and services. RA International's focus on integrity and values alongside on-going investment in people, locations and operations has over time created a reliable and trusted brand within its sector.

RA has been a signatory, participant and contributor to the UN Global Compact ("UNGC"). The UNGC's operating guidelines can be considered the gold standard in corporate responsibility and draw on ten principals which are derived from: the Universal Declaration of Human Rights, the International Labour Organisations Declaration on Fundamental Principles and Rights at Work, the Rio Declaration on Environment and Development, and the United Nations Convention Against Corruption.

The Directors believe that private enterprises have an important role to play in overcoming some of the world's most serious challenges and reaching the targets set out in the UN Development Programme's Sustainable Development Goals and that running a sustainable business should benefit everyone, including its customers, employees and the host communities in locations in which the Group operates. Having a multi-cultural and multi-lingual workforce of people who know how things work in Africa and beyond is key to delivering this.

The Group is headquartered in Dubai, in the UAE and has 14 years of operational knowledge with a culturally diverse and multi-lingual workforce of over 1,600 people. RA International has a proven track record of strong financial growth and has successfully delivered over US$400 million of projects in over 10 countries.

In 2017, RA International generated revenue of US$53.3 million (2016: US$36.8 million) and profit for the year of US$13.7 million (2016: US$5.0 million). As at 30 April 2018, the Group had identified new contract opportunities for existing and new clients or received request for tenders which it was considering worth US$2 billion over the next three years.

Board of Directors

Sangita Shah, (Non-executive Chair)

Sangita Shah has extensive experience in corporate finance, journalism and senior consultancy. She is the non executive Chair of AIM traded Bilby PLC, a director of Forward Industries Inc. and a board advisor to Global Reach Technology Limited. She has held a number of senior roles within blue chip organisations, including Unilever, Mars, EY and KPMG and is a past President of the Chartered Institute of Journalists. Sangita is also a regular consultant to a number of companies and to HM Cabinet Office. Sangita is a qualified accountant and a frequent key note speaker in forums for the European Parliament and European School of Management.

Soraya Narfeldt, (CEO)

Soraya Narfeldt is a UK citizen who was raised in Sierra Leone by a Scottish father and a Lebanese/African mother. In 2004, Soraya set up RAI FZCO to provide catering, procurement and other services to US multi-nationals, various UN agencies and other western governments. She is a strong advocate and supporter of responsible business practice and has contributed articles on the subject to a number of recognised journals such as Forced Migration Review. Soraya also consults regularly with Government officials where she advises on Aid Funded Projects and Corporate Social Responsibility initiatives.

Lars Narfeldt, (COO)

Lars Narfeldt is a Swedish citizen who spent the first fifteen years of his post university career working with the Swedish government and the UN. Lars worked with SIDA in Palestine and with the UN in the Democratic of Congo, Uzbekistan, Sierra Leone and Afghanistan. While in Sierra Leone, Lars managed a team of over 2,000 individuals and ran the UN Volunteer Programme.

Andrew Bolter, (CFO)

Andrew Bolter joined RA International from Ernst & Young's Transaction Advisory Services Group where he was primarily responsible for assisting multi-national corporations to establish operations in the Middle East and Africa. He is a Canadian Chartered Accountant, Chartered Professional Accountant (CA, CPA), and a Chartered Business Valuator (CBV).

Ian Henderson, (Non-executive Director)

Ian Henderson had a distinguished career as an investment manager in London for over 35 years, during which time he managed, inter alia, JP Morgan's Natural Resources funds for over 20 years, which reached assets of over US$10bn, and JP Morgan's Global Financials fund. Following his retirement as manager, Ian became an investment adviser for the JP Morgan Natural Resources funds before serving as a non-executive director of Endeavour Mining Corporation, the TSX-V listed gold mining company operating in West Africa. He is currently a non-executive director of BMO Capital Markets Limited, a London-based subsidiary of Bank of Montreal. Ian is a qualified chartered accountant (ACA and FCA) and holds an LLB in Scots Law and an MA in Philosophy and Politics from Edinburgh University.

Alec Carstairs, (Non-executive Director)

Alec Carstairs is a chartered accountant with over 35 years experience of advising companies ranging from new start-ups to multi-national corporations, principally in the oil & gas sector. During his time at EY he acted as Head of UK Oil and Gas Mergers and Acquisitions and became Managing Partner of its Aberdeen office. Alec has previously served as an independent non-executive director of Ithaca Energy Inc., and is currently a non-executive director of CUL Holdings Limited and an executive director of Cela Consulting Limited. Alec also has a number of charitable interests and is currently a Director of Vine Trust and Techfest-Setpoint and was formerly President of the Aberdeen & Grampian Chamber of Commerce.

Philip Haydn-Slater, (Non-executive Director)

Philip Haydn-Slater has over 35 years of City experience, principally within institutional sales with a number of well-known firms. Philip was co-founder of HD Capital Partners Ltd, where he was a director for over five years. Prior to this he spent eight years as Head of Corporate Broking at WH Ireland Ltd in London, where he was responsible for originating and managing the sales process for a range of transactions, including flotations and secondary placings for corporate clients on AIM and other international exchanges, largely in the resources sector. Philip has worked in both London and Sydney for financial organisations that include ABN Amro, Bankers Trust, James Capel & Co and Bain Securities (Deutsche Bank) Sydney.

Financial Highlights

Full year comparisons

The table below set out a summary of the Group's audited financial results for the years ended 31 December 2015, 2016 and 2017.