Synergia Energy Regulatory News (SYN)

1 July 2019

Synnovia plc

("Synnovia" or the "Group")

Refinancing of Banking Arrangements

The Company is pleased to announce that it has signed new committed banking arrangements with Barclays. The new arrangements, with maximum draw down of £25.3 million, have a final maturity date of June 2023; they have been structured by means of a senior term loan, together with invoice discounting, asset finance and export finance facilities, and an overdraft. These new arrangements will replace those existing with Barclays that were due to mature in June 2021.

Commenting, Faisal Rahmatallah, Chairman, said: "We are pleased to report the refinancing of our facilities with Barclays, who have been our bankers for the last eight years. The new facilities give us the financial flexibility to support our continued organic growth."

For further information, please contact:

Notes to Editors

Synnovia is a specialist manufacturer of industrial components and consumables. Applications for these products vary widely and examples include:

· Packaging for the food manufacturing and distribution - films, sacks and pouches

· Steering columns and instrument control knobs in the automotive industry - plastic ball bearings

· Hydraulic and industrial rubber hose manufacture - various types of plastic mandrel

· Cardboard box manufacture - creasing matrices

Synnovia's business model is based on understanding customers' problems in depth, and then developing and mass producing proprietary, technical solutions for these problems.

The business operates through two divisions, Films and Industrial, and has the majority of its production in six UK based factories, with a further two factories in Asia. Approximately 50% of its £83 million sales are made outside the UK to more than 80 countries.

Further information can be found on www.synnovia.com