Directors' Interest in Shares

15 September 2015

OXACO plc

("OXACO" or the "Company")

Directors' Interest in Shares

Further to the proposed closure of the Oxford Advanced Surfaces Employee Share Benefit Trust ("the Trust") as detailed in the recent circular published on the 25 August 2015 ("the Circular"), on 15 September 2015 the New Ordinary Shares held by the Trust were distributed to the directors as follows:

The directors each received and hold a corresponding interest in unlisted Participating Deferred shares in the Company.

As confirmed in the Circular, the Independent Director Philip Spinks, having consulted with WH Ireland, confirmed that the transaction was fair and reasonable insofar as the interest of shareholders are concerned.

Words and phrases have the same meaning as defined in the Circular.