Tavistock Regulatory News (TAVI)

1 September 2014

Tavistock Investments plc

("Tavistock" or the "Company")

Equity Fundraise and Convertible Loan Facility

The Company is pleased to announce that it has today raised £1,090,000 of working capital through a combination of a private share placing and the arrangement of an unsecured convertible loan facility.

The Placing

The Company has placed 4,533,334 new ordinary shares (the "Subscription Shares") of 1p each ("Ordinary Shares") at a price of 7.5p per share (the "Subscription Price") with both new and existing shareholders, raising £340,000 (the "Subscription"). The Subscription Price represents a 50 per cent. premium to the closing mid-market share price of the Company on 29 August 2014, being the last business day prior to release of this announcement.

The Subscription Shares will rank pari passu in all respects with the Company's existing ordinary shares. Application has been made for admission to AIM of the Subscription Shares and it is anticipated trading will commence at 8.00am on 3 September 2014. The Subscription includes 3,333,334 Ordinary Shares which Brian Raven and Oliver Cooke, Chief Executive and Chairman of Tavistock respectively, had underwritten the issue of on 14 May 2014 and accordingly their obligation to subscribe for these shares has now lapsed.

Following admission of the Subscription Shares the Company will have a total of 121,822,496 ordinary shares in issue. 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 of their interest in, the capital of Tavistock under the FCA's Disclosure and Transparency Rules.

Steve Moseley, Tavistock Partners Limited's Business Development Director, has subscribed for 666,666 Subscription Shares pursuant to the Subscription and as a result, his beneficial interest in the Company has increased to 32,172,244 ordinary shares, equivalent to 26.41 per cent. of Tavistock's issued share capital (as enlarged by the Subscription).

Loan Facility

The Company is also pleased to announce that Novia Financial Limited ("Novia") and Cocoon Investment Holdings Limited ("Cocoon" and together, the "Lenders") have agreed to provide the Company with a three year, unsecured, convertible loan facility of up to an aggregate of £750,000, for business development and working capital purposes. Both Lenders have existing interests in the financial services sector and the Company is delighted to confirm that it has entered into a strategic commercial relationship with Novia, which will be the subject of a separate announcement to be released today.

Interest on amounts drawn down under the facility will accrue at the rate of 1 per cent. per annum over the base rate and will be paid quarterly. Any funds drawn down under the Loan Facility will fall due for repayment at the end of the term, being 27 August 2017. The principal sum outstanding under the Loan Facility may be converted, at the Subscription Price, into new ordinary shares in the capital of the Company at any time prior to the end of the term at the discretion of the Lenders. The Lenders also participated in the Subscription, investing a combined sum of £250,000.

Brian Raven, Tavistock's Chief Executive, said "Whilst still at an early stage in the development of the Tavistock Group, I am very pleased with the progress that we are making towards establishing Tavistock as a significant financial services company. This additional funding will assist us in achieving that objective."

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