Mortice : Project Rainbow – Result of EGM , 7th August, 2019

Mortice Limited

("Mortice" or the "Company")

Result of EGM and Delisting

Mortice Limited (AIM: MORT), the AIM listed security and facilities management company, announces that at the EGM of the Company held earlier today all resolutions put to shareholders were duly passed.

Consequentially, the proposed Cancellation of admission to trading on AIM has been approved. The last day of dealings in the Company's Ordinary Shares on AIM will be 23 August 2019 and the Cancellation will become effective at 7 a.m. (UK time) on 27 August 2019, subject to the dealing notice, as detailed in the AIM Rules for Companies, being issued by the exchange. Outstanding share certificates will be despatched by 30 August 2019.

Exit Facility

The Company will tomorrow place an order with finnCap to purchase up to a maximum of 8,130,755 Ordinary Shares at the price of 12p per share in the market.

Should any Shareholders wish to sell their Ordinary Shares following Cancellation, they should contact the Company directly who will consider alternative arrangements such as putting in place a matched bargain facility. The Company will consider this following the close of the Exit Facility.

All defined terms in this announcement will have the same meaning as those defined in the Circular dated 15 July 2019.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.