Issue of Equity

Verdes Management plc

Issue of Equity

Verdes Management plc (AIM: VMP), the specialist turnaround services provider, announces that it has placed 1,266,666 new ordinary shares at a price of 0.75p per share with members of its Panel (details of which were announced on 2 February 2011) conditional on admission to trading on AIM.

Application will be made for the New Ordinary Shares to be admitted to AIM and dealings are expected to commence in the New Ordinary Shares on Wednesday, 23 February 2011.

In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following admission of the New Ordinary Shares its issued share capital will consist of 322,100,106 Ordinary Shares. The Company does not hold any shares in treasury. Shareholders may use this figure 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 FSA's Disclosure and Transparency Rules.