Blur : Result of Placing Announcement

("blur", the "Group" or the "Company")

blur Group plc (AIM: BLUR) is pleased to announce that a total of 30,000,000 Placing Shares have been conditionally placed at a price of 4 pence per Placing Share, raising proceeds of £1.2m (before expenses). Placees will be contacted shortly to confirm their allocation in the Placing.

The Placing Shares will represent approximately 17% of the Company's enlarged issued ordinary share capital.

Placees will be entitled to receive one Warrant for every 2 Placing Shares subscribed (rounded down to the nearest whole Warrant), each warrant entitling them to subscribe for one additional new Ordinary Share at a price of 6 pence, exercisable at any time in the period commencing on the first anniversary of Admission and ending 12 months thereafter (a total of 15,000,000 Warrants). Should all Warrants issued pursuant to the Placing be exercised, assuming no other Ordinary Shares are issued by the Company, the new Ordinary Shares that will be issued pursuant to the Warrants will represent approximately 8% of the Company's enlarged issued ordinary share capital on admission of the Placing Shares. In combination with the warrants issued pursuant to the Company's placing completed in August 2017 (entitling those warrant holders to subscribe for one additional new ordinary share at a price of 3.5 pence) there are warrants over 39,654,231 Ordinary Shares, representing approximately 22.4% of the Company's enlarged issued ordinary share capital on admission of the Placing Shares.

Save as otherwise defined, capitalised terms used in this announcement have the meanings given to them in the announcement released by the Company this morning at 7.01 a.m.

Application will be made for the Placing Shares to be admitted to trading on AIM. It is expected that Admission will occur on or around 10 October 2017.

Following Admission, the Company's enlarged issued share capital will comprise 177,092,851 Ordinary Shares of 1 pence each with voting rights in the Company. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in the interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

The issue of the Placing Shares is conditional, amongst other things, on the passing of the Resolutions at the General Meeting and admission of the Placing Shares to trading on AIM.