Tavistock Regulatory News (TAVI)

Tavistock Investments Plc

Conversion of A Ordinary Shares

13 June 2016

Tavistock Investments Plc ("Tavistock" or "Company") has two classes of share, designated as A and G Ordinary Shares respectively, which are designed as an incentive for the directors.

Upon certain criteria being achieved, either one of these classes, but not both, can convert into such number of Ordinary Shares as would represent 10 per cent. of the fully diluted ordinary share capital of the Company as at 31 July 2016 as enlarged by such conversion.

Oliver Cooke and Brian Raven, Chairman and Chief Executive of Tavistock respectively, each subscribed for 5,000,000 A Ordinary Shares and hold options under an EMI scheme to subscribe for 50,000 G Ordinary Shares ("G Options"). The exercise of the G Options can take place at any time until 31 July 2018.

The conversion of the G Ordinary Shares, arising upon exercise of the G Options, into Ordinary Shares can only take place between 1 August 2016 and 31 July 2018 if two performance criteria have been met. The Company confirms that the performance conditions have now been achieved and that as a consequence the G Ordinary Shares are capable of conversion into Ordinary Shares during the period referred to above.

As a result of the G Ordinary Shares becoming capable of conversion into Ordinary Shares, the existing A Ordinary Shares are, in accordance with their terms, being replaced with an equivalent value of Ordinary Shares, resulting in the issue of 50,000 Ordinary Shares to each of Oliver Cooke and Brian Raven.

Accordingly, the Company has today allotted 100,000 new Ordinary Shares and application has been made for these shares to be admitted to trading on AIM with effect from 17 June 2016 ("Admission").

Following Admission, the interests of Brian Raven and Oliver Cooke in the share capital of the Company will become:

Upon Admission, the Company's issued share capital will comprise 346,206,708 Ordinary Shares with each share carrying the right to one vote. No Ordinary Shares are held in treasury and accordingly this figure may 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 Financial Conduct Authority's Disclosure and Transparency Rules.

For further information:

Tavistock Investments plc Tel: 01753 867000

Oliver Cooke, Executive Chairman

Brian Raven, Group Chief Executive

Northland Capital Partners Limited Tel: 020 3861 6625

William Vandyk

Matthew Johnson

WH Ireland Limited Tel: 0113 394 6600

Tim Feather

Liam Gribben

Templars Communications Limited Tel: 020 3642 3140

Kitty Parry

Kate Boothman Meier