Update on Ordinary Share Reorganisaton and SETSqx

29 July 2016

Craven House Capital plc

(the "Company")

Update on Ordinary Share Reorganisation

Move to SETSqx

Following the approval by the Company's shareholders of the proposed consolidation and redenomination of each block of 734 ordinary shares of £0.001 each ("Existing Ordinary Shares") into one ordinary share of US$1.00 each ("New Ordinary Shares") (the "Ordinary Share Reorganisation") at the General Meeting of the Company held on 20 July 2016, the Company today provides an update in respect of the Ordinary Share Reorganisation.

The timetable of principal events is as follows:

Immediately following completion of the Ordinary Share Reorganisation, the issued share capital and voting rights of the Company as at 4 August 2016 will consist of up to 1,838,939 New Ordinary Shares (the maximum number of New Ordinary Shares to be in issue based on the number of Existing Ordinary Shares), each with a nominal value of US$1.00 and carrying one vote. 

Therefore, assuming that such number of New Ordinary Shares are in issue following completion of the Ordinary Share Reorganisation, the total number of voting rights in the Company following the Ordinary Share Reorganisation will be 1,838,939. This figure may then 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 Company under the FCA's Disclosure and Transparency Rules. The Company will make a further announcement following completion of the Ordinary Share Reorganisation which confirms the exact number of New Ordinary Shares which are in issue at that time.

The ISIN of the Existing Ordinary Shares (GB00B01TVW49) will be replaced with the ISIN of the New Ordinary Shares (GB00BD4FQ360) with effect from 8.00 a.m. on 4 August 2016. The New Ordinary Shares will continue to trade on the London Stock Exchange's AIM market.

The Company also announces that it has applied to the London Stock Exchange to change its trading platform from SEAQ to SETSqx, to be effective simultaneous with the completion of the Ordinary Share reorganisation. It is therefore anticipated that the New Ordinary Shares will commence trading on SETSqx on 4 August 2016.

Mark Pajak, Acting Chairman commented; "We are pleased to confirm the revised timetable for the planned reorganisation of the Company's share capital. The Board does not believe the revised timeline and continued trading on the AIM market should impact on our plans to execute on the previously announced fundraising on 27 June 2016 or investment opportunities that are currently under consideration. As previously announced, the Board hopes to conclude further share issues in the near term. In addition to the Company's recent fundraisings, announced on 17 May 2016 and 16 June 2016, and the anticipated future share issues to investors outside of the UK, the migration to the SETSqx platform will significantly enlarge the network of brokers outside of the UK who will be able to trade in our shares and thus provide greater liquidity."

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