Homeserve : Result of Equity Issue

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AND THE INFORMATION CONTAINED IN IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

HOMESERVE PLC

Results of Placing

19 October 2017 - HomeServe plc ('HomeServe' or the 'Company'), is pleased to announce the successful completion of the placing of ordinary shares announced earlier today (the 'Placing').

A total of 15,243,903 new ordinary shares in HomeServe (the 'Placing Shares') have been placed by J.P. Morgan Cazenove and UBS Limited (the 'Joint Bookrunners'), at a price of 820 pence per share, raising gross proceeds of approximately £125 million. The Placing Shares being issued represent, in aggregate, approximately 4.9 per cent of HomeServe's issued ordinary share capital prior to the Placing. The issue price of the Placing represents a discount of 1.4% to the closing share price on 18 October 2017. The Placing Shares will, when issued, be credited as fully paid and rank pari passu with the existing ordinary shares in the capital of the Company including the right to receive all future dividends and distributions declared, made or paid after the date of issue of the Placing shares.

Applications will be made for admission of the Placing Shares to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities ('Admission'). It is expected that the Admission will become effective at 8.00am on 23 October 2017.

The Placing is conditional upon, amongst other things, Admission becoming effective and the placing agreement between the Company and the Joint Bookrunners not being terminated.

Pursuant to the Placing, 0.8m shares have been placed with Edward Fitzmaurice, a Non-Executive Director of the Company, raising gross proceeds of £6.4m.

Invesco Asset Management and Woodford Asset Management currently hold or have in the last twelve months held more than 10% of the ordinary share capital of the Company. For the purposes of UK Listing Rule 11 they are therefore classified as related parties.

Pursuant to the placing, Invesco Asset Management have been placed 1.4m shares raising gross proceeds of £11.8m and Woodford Asset Management have been placed 1.1m shares raising gross proceeds of £8.6m. The above transactions are classified as smaller related party transactions under LR 11.1.10.R.

Following Admission, the total number of shares of the Company in issue will be 327,978,069. HomeServe currently holds no shares as treasury shares and therefore, following Admission, the total number of voting shares in the Company will be 327,978,069.

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 Company under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used but not defined in this announcement have the same meanings as set out in the placing announcement of the Company released at 7.00 a.m. (BST) on the date hereof.

In connection with the Placing, J.P. Morgan Cazenove and UBS Limited are acting as Joint Bookrunners, Joint Sponsors and Joint Corporate Brokers.

For further information please contact:

J.P. Morgan Cazenove

Barry Meyers / Richard Walsh / Edward Digby

Telephone: +44 20 7742 4000

UBS

Craig Calvert / Christopher Smith / Abid Chaudhri

Telephone: +44 20 7567 8000

About HomeServe

HomeServe is an international home repairs and improvements business, with 7.8 million customers in the UK, North America, France, Spain and Italy as at September 2017. Its comprehensive range of water, heating and electrical assistance and repair products provide customers with peace of mind. HomeServe is listed on the London Stock Exchange, with a market capitalisation of c.£2.6 billion.

Forward-looking statements

This announcement contains forward-looking statements with respect to the financial condition, results and business of HomeServe plc. By their nature, forward-looking statements involve risk and uncertainty because they relate to events, and depend on circumstances, that will occur in the future. HomeServe's actual future results may differ materially from the results expressed or implied in these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.