SUR.L Regulatory News (SUR)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, NEW ZEALAND, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN, THE UNITED STATES OF AMERICA (THE "UNITED STATES") (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

FOR IMMEDIATE RELEASE

DATE: 23 March 2015

Lakehouse plc

Admission of Ordinary Shares to the premium listing segment of the Official List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange ("Admission")

Further to its previous announcements, Lakehouse plc ("Lakehouse" or the "Company"), the asset and energy support services company, is pleased to announce that its entire issued ordinary share capital of 157,527,103 ordinary shares of 10 pence each (the "Shares") has today been admitted to the premium listing segment of the Official List of the UK Listing Authority and to trading on London Stock Exchange plc's main market for listed securities under the ticker "LAKE".

Commenting on today's announcement, Stuart Black, Executive Chairman of Lakehouse said:

"We are delighted to announce the successful completion of our initial public offering on the London Stock Exchange and the first day of dealings in Lakehouse shares. As a listed company we look forward to the future with confidence and to continuing to deliver long term value creation for all our stakeholders.

A key factor behind the success of the business has been the hard work, professionalism and enthusiasm of our staff and I would like to record my thanks to them on this important day."

Enquiries:

Lakehouse

Sponsor, Financial Adviser, Sole Bookrunner and Broker

Matthew Brooke-Hitching

Financial Public Relations

Important Notice

This announcement has been prepared by and is the sole responsibility of Lakehouse plc.

Neither this announcement nor any copy of it may be taken or transmitted, published or distributed, directly or indirectly, into the United States, New Zealand, Australia, Canada, Japan or the Republic of South Africa or to any persons in any of those jurisdictions or any other jurisdiction where to do so would constitute a violation of the relevant securities laws of such jurisdiction. Any failure to comply with this restriction may constitute a violation of United States, New Zealand, Australian, Canadian, Japanese or South African securities laws. The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions.

This announcement does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any Shares or other securities in the United States, New Zealand, Australia, Canada, Japan or the Republic of South Africa or in any other jurisdiction in which such offer or solicitation is unlawful, prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction.

This announcement is not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia), New Zealand, Australia, Canada, Japan or the Republic of South Africa or any other jurisdiction where it is unlawful to distribute this announcement. In particular, this announcement is not an offer of securities for sale in the United States. The Company's securities have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or with any securities regulatory authority of any state or jurisdiction of the United States, and may not and will not be offered, sold, resold, pledged, delivered, distributed or transferred, directly or indirectly, in or into the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Company's securities may only be offered and sold outside the United States in "offshore" transactions exempt from the registration requirements of the Securities Act in reliance on Regulation S, or another exemption from, or in, a transaction not subject to the registration requirements of the Securities Act. There will be no public offer of the securities referred to herein in any jurisdiction, including in the United States, New Zealand, Australia, Canada, Japan or the Republic of South Africa. The securities referred to herein have not been registered under the applicable securities laws of New Zealand, Australia, Canada, Japan or the Republic of South Africa and, subject to certain exceptions, may not be offered or sold within New Zealand, Australia, Canada, Japan or the Republic of South Africa or to any national, resident or citizen of New Zealand, Australia, Canada, Japan or the Republic of South Africa.

This announcement is only addressed to and directed at persons in member states of the European Economic Area ("EEA") who are qualified investors within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC), as amended ("Qualified Investors"). In addition, in the United Kingdom, this announcement is addressed and directed only at Qualified Investors who (i) are persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), (ii) are persons who are high net worth entities falling within Article 49(2)(a) to (d) of the Order, and (iii) to persons to whom it may otherwise be lawful to communicate it to (all such persons being referred to as "relevant persons"). Any investment or investment activity to which this announcement relates is available only to relevant persons in the United Kingdom and Qualified Investors in any member state of the EEA other than the United Kingdom, and will be engaged in only with such persons. Other persons should not rely or act upon this announcement or any of its contents.

This announcement is not an offer of securities for sale in any jurisdiction, including in or into the United States, New Zealand, Canada, the Republic of South Africa, Japan or Australia. Any purchase of, or subscription for, Shares should be made solely on the basis of the information contained in the prospectus (the "Prospectus") published by the Company on 18 March 2015 in connection with, inter alia, today's Admission. A copy of the Prospectus is, subject to certain access restrictions, available for inspection on the Company's website: www.lakehouse.co.uk, and at its registered office: 1 King George Close, Romford, Essex RM7 7LS.

Peel Hunt LLP, which is authorised and regulated by the FCA, is acting exclusively for Lakehouse plc and no one else in connection with the Admission and will not regard any other person as its client in relation to the Admission and will not be responsible to anyone other than Lakehouse plc for providing the protections afforded to its clients, nor for providing advice in relation to the Admission or the contents of this announcement or any transaction, arrangement or other matter referred to herein.

Neither Peel Hunt LLP, nor any of its subsidiary undertakings, affiliates or any of their respective partners, directors, officers, employees, advisers, agents or any other person accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy, completeness or fairness of the information or opinions in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.