SPGH.L Regulatory News (SPGH)

Superglass Holdings PLC

("Superglass" or the "Company")

Issue of Equity

Superglass Holdings PLC, the UK's leading independent manufacturer of glass wool and mineral fibre insulation solutions, announces that it has received notification from St Vincent (Equities) Limited, a subsidiary of Clydesdale Bank Plc, of the exercise of its conversion rights in respect of its entire remaining holding of 300,757 convertible shares (the "Convertible Shares"), as described in the circular to Superglass shareholders dated 14 October 2014. Consequently, the Company has converted the Convertible Shares into 300,757 ordinary shares of 1 penny each ("Ordinary Shares") and 300,757 deferred shares of 24 pence each to St Vincent (Equities) Limited for nil consideration.

An application will be made to the London Stock Exchange for these Ordinary Shares, which rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM on or around 22 August 2016.

In accordance with the FCA's Disclosure and Transparency Rules and Rule 2.10 of the Code, following this conversion and admission to AIM, the Company will have 155,808,334 Ordinary Shares in issue and admitted to trading on AIM under the ISIN reference GB00B7VSCQ18. The Company holds no Ordinary Shares in treasury.

Following the above conversion all convertible shares in the Company have now been converted to Ordinary Shares.

The figure of 155,808,334 Ordinary Shares should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Superglass Holdings PLC

Ken Munro, Chief Executive Officer 01786 451170

N+1 Singer (NOMAD)

Sandy Fraser 020 7496 3000

Nick Owen

Charlotte Street Partners (Media Enquiries)

David Gaffney or Rob Ballantyne 0131 516 5310

Important Notices

N+1 Singer, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively as financial adviser and joint broker to Superglass and no-one else in connection with the Offer and other matters described in this announcement, and will not be responsible to anyone other than Superglass for providing the protections afforded to clients of N+1 Singer or for providing advice in relation to the Offer, the contents of this announcement or any other matter referred to herein.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT INTENDED TO, AND DOES NOT CONSTITUTE OR FORM ANY PART OF, AN OFFER TO SELL OR AN INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES OR THE SOLICITATION OF ANY VOTE OR APPROVAL IN ANY JURISDICTION, NOR SHALL THERE BE ANY SALE, ISSUANCE OR TRANSFER OF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT IN ANY JURISDICTION IN CONTRAVENTION OF APPLICABLE LAW.

Capitalised terms in this announcement shall unless otherwise defined, have the same meanings as set out in the Offer Document.

Disclosure Requirements of the Code

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 p.m. (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 p.m. (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 p.m. (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should consult the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.