Tricor : Issue of Equity and draw down on facility

12 May 2015

Tricor plc

("Tricor " or the "Company ")

Draw down on working capital facility, issue of equity, holding in Company

and total voting rights

Tricor announces that the Company has drawn down £63,000 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 the Company has issued to Ellwood 16,578,947 new ordinary shares (the "Tranche 1 Shares") of 0.001 pence in the Company ("Ordinary Shares") at 0.38p per Ordinary Share and 66,315,788 warrants to subscribe for new Ordinary Shares, exercisable at 0.5p per Ordinary Share.

Application has been made for the 16,578,947 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on or around 18 May 2015.

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.

Total voting rights

Following the issue of the Tranche 1 Shares, the total number of Ordinary Shares in issue is 145,549,099, 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 145,549,099. 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.

Holding in Company

Following the issue of the Tranche 1 Shares, Ellwood has a total beneficial interest in 16,578,947 Ordinary Shares, equivalent to 11.39% of the Company's total issued share capital.

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