Share Price Movement

Koovs plc

Share Price Movement

Koovs plc ("Koovs", or the "Company") (AIM: KOOV), the fashion-forward business focused on the young Indian e-commerce market, notes the recent movement in its share price and would like to inform the market that it knows of no specific reason for this price movement.

To clarify, the £8.9 million convertible funds (first referenced in the announcement made on 21 July 2017) have been received by the Company and detailed discussions with the third party regarding the further £7.5 million (also mentioned in that announcement) remain ongoing. The Company expects to announce the successful conclusion of this round of funding in due course.

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