Mortice : MORT-Trading-update-04.05.16

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4 May 2016

Mortice Limited

("Mortice" or the "Group")

Year end trading update

Mortice Limited (AIM: MORT), the AIM listed security and facilities management company, provides the following trading update for the year ended 31 March 2016:

Group turnover is expected to show a continued pattern of growth. The Company expects revenue to be at least US$124m, an increase of at least 40% on the previous year (2015: US$88.4m).

A number of key client wins from our Peregrine Guarding business in our final quarter have contributed to this performance. We have added further Blue Chip clients to our customer base across India, including JP Morgan, Cummins, Fortis Hospital, Cairn India and Delhivery.

Our UK subsidiary Office & General Group Limited (O&G), has performed well since acquisition in September 2015. We were particularly pleased to be confirmed as the new facilities services provider for the University of Hertfordshire in a contract worth in excess of £55 million spread evenly over 10 years of the contract. O&G is expected to account for c. 25% of Group turnover for the financial year. In addition O&G signed two new contracts with UK customers during the final quarter worth in combination over £230,000 annually.

Our other acquisition, Frontline Security Pte, is performing better than management expectations and continues to demonstrate good growth.

The Company has a strong pipeline of sales and remains confident of the outlook for the new financial year.

Mortice intends to publish its preliminary results for the year ended 31 March 2016 before the end of August 2016.

Enquiries:

Mortice Limited	www.morticegroup.com
Manjit Rajain, Executive Chairman	Tel: +91 981 800 0011
Allenby Capital Limited AIM Nominated Adviser and Broker
Nick Naylor/David Hart/Alex Brearley	Tel: 020 3328 5656
Walbrook PR	Tel: 020 7933 8780 or mortice@walbrookpr.com
Paul McManus	Mob: 07980 541 893
Sam Allen	Mob: 07884 664 686