Tricor : Draw-down on working capital facility

05 August 2015

Tricor plc

("Tricor " or the "Company ")

Drawdown on working capital facility, issue of equity

and total voting rights

Drawdown on working capital facility

Tricor announces that the Company has drawn down £14,800 under the working capital facility provided by Ellwood International Limited ("Ellwood"), further details of which were announced by the Company on 31 March 2015. As a result, and in accordance with the agreement with Ellwood, the Company has issued to Ellwood 3,894,737 new ordinary shares (the "Tranche 4 Shares") of 0.001 pence in the Company ("Ordinary Shares") at 0.38p per Ordinary Share and 15,578,948 warrants to subscribe for new Ordinary Shares, exercisable at 0.5p per Ordinary Share.

Ellwood has entered into an orderly market agreement whereby until 31 March 2016, it will only sell Ordinary Shares following consultation with the Company's broker and always so as to ensure an orderly market in the Company's shares.

Issue of shares pursuant to consultancy agreement

In accordance with its consultancy agreement with Ellwood, further details of which were announced by the Company on 19 June 2015, the Company has today issued and allotted 1,428,571 new Ordinary Shares to Ellwood (the "Consultancy Shares") in respect of fees for July 2015 at an issue price of 0.7p per Ordinary Share, being the closing mid-market price of an Ordinary Share on the last business day of July 2015.

Holding in Company

Following the issue of the Tranche 4 Shares and the Consultancy Shares, Ellwood has a total beneficial interest in 29,312,393 Ordinary Shares, equivalent to 21.03% of the Company's total issued share capital.

Admission to trading and total voting rights

Application has been made for the Tranche 4 Shares and the Consultancy Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on or around 11 August 2015.

Following Admission, the total number of Ordinary Shares in issue will be 164,670,369, with each share carrying the right to one vote. Tricor holds no shares in treasury. The total number of voting rights in the Company is therefore 164,670,369. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in Tricor under the Disclosure Rules and Transparency Rules of the UK Financial Conduct Authority.

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