Sutton Harbour Holdings Regulatory News (SUH)

17 January 2012

SUTTON HARBOUR HOLDINGS plc

("Sutton Harbour" or the "Company")

Result of the Placing, Open Offer, Capital Reorganisation, GM and total voting rights

Sutton Harbour announces the result of its Placing and an Open Offer (together the "Issue") to raise £5.7 million (net of expenses) which was announced on 23 December 2011.

Results of Placing and Open Offer

The Open Offer closed at 11.00 a.m. yesterday, 16 January 2012. Valid applications have been received under the Open Offer in respect of 13,929,085 Offer Shares. The remaining shares not taken up under the Open Offer comprise of 7,471,790 shares, of which 7,212,019 shares have been placed with Crystal Amber Fund Limited and 259,771 shares have been placed with Aerion Fund Management Limited.

The Open Offer forms part of the Issue, together with the Placing of 11,932,459 New Ordinary Shares placed with certain institutional shareholders. A total of 33,333,334 New Ordinary Shares are being issued pursuant to the Issue.

The Issue remains conditional on admission of the New Ordinary Shares ("Admission") and it is expected that Admission and dealings in the New Ordinary Shares will commence at 8.00 a.m. on 18 January 2012.

Results of EGM

At a General Meeting held at 12 p.m. today, Tuesday 17 January 2012, called to approve the Placing, Open Offer and Capital Reorganisation announced on 23 December 2011, all resolutions which were set out in the Notice of General Meeting were duly passed.

Commenting, Michael A Knight, Chairman, said:

"We are pleased with the level of support we have received from a wide cross section of our shareholders for the Placing and Open Offer. With these new funds in place we can look forward to the successful delivery of the Millbay marina project over the coming months. This exciting new project represents positive progress with the group's stated strategy to focus on marine and waterfront regeneration activities."

Total voting rights

In conformity with the FSA's Disclosure and Transparency Rules, the Company notifies the following:

Following Admission of the Firm Placing and Open Offer Shares, the Company's issued share capital shall consist of 96,277,086 Ordinary Shares with a nominal value of 1p each, with voting rights ('New Ordinary Shares'). The Company does not hold any shares in Treasury.

Therefore the total number of Ordinary Shares in the Company with voting rights shall be 96,277,086.

The above figure of 96,277,086 Ordinary Shares may be used by shareholders in the Company 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 share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.

Enquiries:

For further information, please contact:

Sutton Harbour Holdings plc

Jason Schofield

Natasha Gadsdon

01752 204186

Arden Partners plc

Richard Day

Chris Thomas

0207 614 5917

Newgate Threadneedle

Graham Herring

Terry Garrett

020 7653 9850

Certain terms used in this announcement are defined and have the same meaning as in the circular dated 23 December 2011, unless the context requires otherwise.

Arden Partners, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Sutton Harbour and for no one else in connection with the Placing and Open Offer and will not be responsible to anyone other than Sutton Harbour for providing the protections afforded to clients of Arden Partners nor for providing advice in relation to the Placing and Open Offer or any other matters referred to in this announcement.

Neither the Firm Placing Shares nor the Offer Shares have been and nor will they be registered under the Securities Act or under the applicable securities laws of any state in the United States or any other Restricted Jurisdiction and, unless an exemption under such act or laws is available may not be offered or sold, re-sold, taken up, transferred, delivered or distributed, directly or indirectly, within the United States or Restricted Jurisdiction or for the account or benefit of any national, resident or citizen of the United States or Restricted Jurisdiction.