Acquisition

RNS

1 June 2015

BCA Marketplace plc

("BCA" or the "Company")

Acquisition of SMA Vehicle Remarketing Limited and extension of financing facilities

The Board of BCA today announces that it has acquired SMA Vehicle Remarketing Limited ("SMA"), the UK motor auction and services group.

SMA has a multi-channel approach selling vehicles online and through its physical auction sites in Kinross, Edinburgh, Birmingham, Newcastle and Leeds offering dedicated sales for cars, light and heavy commercial vehicles. In addition, SMA offers a range of value-added services to vendors including inspection services, transport services and tactical repair. The SMA Group recorded revenue of £37.2 million and adjusted EBITDA of £4.7 million in the year ended 31 October 2014.

SMA has been acquired for an enterprise value of £43 million, including the repayment of its existing debt, which has been settled in cash through the utilisation of BCA's existing resources plus a temporary drawdown on the Company's revolving credit facility. The valuation is underpinned by strong earnings and a significant property portfolio of auction sites with a net book value of almost £20 million.

BCA is also announcing the successful syndication of its existing £200 million term loan and £100 million revolving credit facility. The Company elected to respond to strong lender support to increase the term loan facility by a further £75 million in order to provide additional headroom for future projects, bringing total facilities to £375 million of which approximately £250 million is currently drawn.

Avril Palmer-Baunack, Executive Chairman of BCA said:

"We are delighted to have completed this value-accretive acquisition so soon after listing BCA and to be delivering on our previously stated intention to pursue both organic and non-organic routes to accelerate growth of the auction exchange and support services. We welcome the SMA management team led by Bob Anderson to the BCA Group and look forward to working with them to continue to provide a pre-eminent service to our buyers and vendors".

Enquiries

Square1 Consulting (PR advisers) +44 (0)20 7929 5599

David Bick, Mark Longson

Cenkos Securities plc (Financial adviser and joint broker) +44 (0)20 7397 8900

Ian Soanes, Liz Bowman

Zeus Capital Limited (Joint broker) +44 (0)20 7533 7727

John Goold, Nick Cowles

Notes to Editors

BCA Marketplace plc ("BCA") is Europe's largest used vehicle marketplace, both in terms of the number of vehicles sold and revenue, as well as the UK's market-leading provider of vehicle buying services through its ownership of WeBuyAnyCar.com. The vehicle remarketing division facilitates the exchange of used vehicles between vendors and buyers through both physical and online auctions across 12 countries in Europe, as well as through a joint venture in Brazil.

www.bcamarketplaceplc.com