SPGH.L Regulatory News (SPGH)

Superglass Holdings PLC

("Superglass" or "the Company")

Period-end trading update and Board changes

Superglass Holdings PLC, the UK's leading independent manufacturer of glass wool and mineral fibre insulation solutions, today releases a period-end trading update for the financial year ended 31 August 2013.

The Board is pleased to announce that the outcome for the financial year just ended is in line with market expectations, with a stronger than expected year-end cash position. Gross cash balances at 31 August 2013 were approximately £8.0m and net cash balances were £5.5m, comfortably ahead of expectations.

Sales volumes have been volatile throughout the summer months and overall market demand remains depressed, especially in the retrofit segment where the uptake of insulation measures under the Green Deal initiative remains very low. Insulation measures completed in 2013 under Green Deal and ECO combined are running at between 80 and 90 per cent below 2012 levels. Superglass has yet to see any sustained increase in demand from other primary market channels. The resultant impact on volume continues to put pressure on margins.

The Board today announces the appointment of Declan George Billington as a non-executive Director of the Company with immediate effect. Declan Billington, aged 48, brings a wealth of operational and financial experience to the Board. He is CEO of John Thompson and Sons Ltd, a leading retailer and manufacturer of animal feeds based in Northern Ireland and is also a director of W & R Barnett Ltd, the Company's largest shareholder. Further disclosures in respect of Declan Billington under Schedule 2, paragraph (g) of the AIM Rules are set out within the Appendix to this announcement.

The Board also announces the resignation, for personal reasons, of Allan Clow as Chief Finance Officer. A search process for a new Chief Finance Officer is underway and, to ensure a smooth transition, Allan will continue to be employed on a full-time basis until his effective date of departure is confirmed.

The Board would like to thank Allan for his valuable contribution to the business and his support in completing the successful capital restructuring earlier this year. The Board wishes him well for the future.

Superglass expects to announce its preliminary results for the financial year ended 31 August 2013 on the 19th November 2013.

ENDS

For further information please contact:

Appendix

The directorships and partnerships held by Declan Billington now and over the five years preceding the date of appointment are as follows:

Save as set out above, there are no further disclosures to be made under Schedule Two, paragraph (g) of the AIM Rules.