Reach4entertainment Enterprises : 07 Dec 2016 Holding(s) in Company

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

reach4entertainment enterprises plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation:

Gate Ventures plc

4. Full name of shareholder(s)

(if different from 3.):

Jim Nominees Ltd

5. Date of the transaction and date on which the threshold is crossed or reached:

7 December 2016

6. Date on which issuer notified:

7 December 2016

7. Threshold(s) that is/are crossed or reached:

Above 24%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

GB00B1HLCW86

146,000,000

23.82%

147,200,000

147,200,000

0

24.02%

0%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial

Expiration

Exercise/

Number of voting

% of voting

instrument

date

Conversion Period

rights that may be

rights

acquired if the

instrument is

exercised/ converted.

None

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiratio n date

Exercise/ Conversio n period

Number of voting rights instrument refers to

% of voting rights

None

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

147,200,000

24.02%

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

14. Contact name:

Richard Carter CFO

15. Contact telephone number:

07860 527 941