Adoption of Financial Reporting Standard (FRS) 101

OneView Group plc

 ("OneView Group" or the "Company")

Notification to shareholders on parent company financial statements: Adoption of Financial Reporting Standard (FRS) 101 - Reduced Disclosure Framework

The financial statements for the year ended 31 August 2015 of OneView Group plc (formerly Armour Group plc) (the "Company"), the parent company of the OneView Group, as set out on pages 34 to 38 of the 2015 Annual Report, were prepared in accordance with UK Generally Accepted Accounting Practice (UK GAAP).

A new UK GAAP accounting framework introduced by the Financial Reporting Council (FRC) becomes mandatorily effective for the financial statements of UK companies for accounting periods beginning on or after 1 January 2015. Under this new framework, the Company is required to prepare its parent company financial statements for its financial period ended 31 March 2016 on one of the new bases permitted by the FRC.

The Company therefore proposes to adopt FRS 101 "Reduced Disclosure Framework" and to take advantage of the permitted election to the disclosure exemptions allowed under FRS 101. As a result of taking the possible disclosure exemptions permitted under FRS 101, disclosures are expected to be the same as, or follow closely, those reported under current UK GAAP.

The Company's decision to adopt FRS 101 does not require shareholder approval. However, due to the election to take the possible disclosure exemptions permitted under FRS 101, the Company is required to notify all shareholders of this election and any shareholder or shareholders holding in aggregate 5 per cent. or more of the total allotted shares in the Company may object. Objections must be served in writing and delivered to the Company Secretary at the Company's registered office (Suite 25, 6-8 Revenge Road, Lordswood, Chatham, Kent ME5 8UD) not later than 10 June 2016.

This notification will apply on an ongoing basis until such time as the Company notifies its shareholders of any change to its chosen accounting framework for the parent company's financial statements.

The consolidated financial statements of the Group will continue to be prepared in accordance with EU-adopted International Financial Accounting Standards (IFRS) and are unaffected by this new accounting framework.

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