Adoption of Financial Reporting Standard (FRS) 101

AIM: KLN

8 January 2016

The Kellan Group PLC

("Kellan", the "Company" or "Group")

Adoption of Financial Reporting Standard (FRS) 101 - Reduced Disclosure Framework

Following the publication of FRS 100 'Application of Financial Reporting Requirements' by the Financial Reporting Council, Kellan is required to change the accounting framework for its entity financial statements and those of its subsidiaries Berkeley Scott Limited, Quantica Group Limited, Quantica Limited, Quantica Solutions Limited, RK Group Limited and Robinson Keane Limited, which currently adopt United Kingdom Generally Accepted Accounting Standards (UK GAAP). It is intended for the year ended 31 December 2015 and future years that the parent entity and its subsidiaries adopt FRS 101 "Reduced Disclosure Framework", based on International Financial Reporting Standards (IFRS) as adopted by the European Union.

Objections to the use of the disclosure exemptions may be served by a shareholder or shareholders holding in aggregate 5 per cent. or more of the total allotted shares of the Company in writing to Rakesh Kirpalani, the Company's Finance Director, at its registered office (4th Floor, 27 Mortimer Street, London W1T 3BL) not later than 8 February 2016.

Kellan's consolidated financial statements are unaffected by this change, and will continue to be prepared in accordance with International Financial Reporting Standards (IFRSs) as adopted by the European Union.

ENQUIRIES: