Director Dealing

Spinnaker Opportunities Plc

Director Dealing

19 May 2017

Spinnaker Opportunities Plc (the "Company" or "Spinnaker") the newly listed cash shell focused on delivering a single, material acquisition in the energy or industrial sectors confirms that on the day of Admission, 17 May 2017, Andy Morrison, Chairman, transferred 1,200,080 shares in the Company to his self-invested personal pension ("SIPP") at a price of 5p per share. Mr Morrison's total holding remains unchanged at 4,600,080 shares representing approximately 17.7% of the issued share capital of the Company. Following the transfer, he holds 3,600,080 shares in his SIPP and the balance in his ISA.

Mr Morrison and his board colleagues invested a total of £310,000 in the recent initial public offering in the Company and will not take salaries prior to an acquisition. Their interests therefore are fully aligned with other investors.

ENQUIRIES

Spinnaker Opportunities Plc

Andy Morrison

07980 878561

SP Angel (Financial Adviser and Broker)

Lindsay Mair

Caroline Rowe

020 3470 0470