Update: Admission of Consideration Shares

16 January 2019

Altitude Group plc

("Altitude" or the "Company")

Update: Admission of Consideration Shares

and

Completion of Acquisition

Altitude Group plc (AIM: ALT), the operator of a leading marketplace for personalised products announces that the independent valuation report of the non-cash consideration required under the Companies Act 2006 (the "Valuation Report") is not yet completed regarding AI Mastermind. This will effect the allotment and admission of the 860,294 conditional Consideration Shares.

As such, while the 5,334,525 First Placing Shares will still be admitted to trading on 17 January 2019, the 860,294 Consideration Shares will be delayed until receipt of the Valuation Report.

A further update regarding the Consideration Shares will be provided upon the Company's receipt of the Valuation Report.

Completion of the Acquisition

Notwithstanding the above, the Acquisition will complete at the same time as completion of the First Placing.

Total Voting Rights

Application has therefore been made to the London Stock Exchange for the 5,334,525 Placing Shares to be admitted to trading on AIM. It is still expected that the First Placing Shares will be admitted to trading at 8.00 a.m. on 17 January 2019. It is expected that the Second Placing Shares will be admitted to trading on or around 8.00 a.m. on 1 February 2019 and a further announcement confirming this will be made by the Company after the conclusion of the General Meeting on 31 January 2019.

After First Admission, the total number of Ordinary Shares in issue will be 60,024,159 and the total number of voting rights will therefore be 60,024,159. 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 to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

The Consideration Shares will be admitted upon the Company's receipt of the required Valuation Report and a further announcement will be made in due course.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the Company's announcement released on 11 January 2019.

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