AGM Statement

23 June 2015

BCA Marketplace plc

("BCA" or the "Company")

AGM Statement

Profit Estimate Out-turn

Change of Accounting Year End

AGM Statement

The Board of BCA, Europe's largest used vehicle marketplace, is pleased to provide the following trading update prior to its Annual General Meeting to be held at 10:00am today.

Following the successful acquisition of the BCA Group of Companies ("BCA Group") and the Company's admission to trading on the Standard Market segment of the Official List on 2 April 2015, BCA has continued to perform well and in line with the Board's expectations.  The Board is encouraged that the volumes transacted in this period are up year on year.

The acquisition of SMA Vehicle Remarketing Limited ("SMA") on 1 June 2015 enhances BCA's logistics capability and supports the increasing numbers of vehicles moving through BCA Group's auctions. BCA is currently responding to standard enquiries from the Competition and Markets Authority and will complete the integration of SMA into BCA according to the outcome of this process.

Profit Estimate Out-turn

In its prospectus dated 26 March 2015, the Company made the following statement regarding its profits for the period ended 31 December 2014:

"Profit estimate

The BCA Group's Adjusted EBITDA for the 12 months ending 31 December 2014 is expected to be not less than £80 million after adjusting operating profit to exclude depreciation and amortisation of approximately £11 million and significant and non-recurring items of approximately £47 million, principally comprising onerous lease provisions of approximately £20 million and aborted IPO costs, including management incentives, of approximately £13 million."

Update

The Board confirms that the BCA Group's adjusted EBITDA for the 12 months ending 31 December 2014, on the basis described above, was £82 million.

The audited financial statements for the BCA Group for the year ended 31 December 2014 have been lodged at Companies House.

Change of Accounting Year End

The Board confirms that the Company's year end is being changed from 31 December to 31 March, such that the first set of audited annual financial statements to be published after completion of the acquisition of the BCA Group will include an almost complete 12 month period of BCA Group trading from completion of the acquisition on 2 April 2015 through to 31 March 2016. As a result of the change in accounting year end, the Company's half year end will change from 30 June to 30 September.

The Board intends to release a trading update for the period ended 30 June 2015 in August 2015 and it will release interim financial information for the period ended 30 September 2015 in November 2015, prepared in accordance with the UKLA's Listing Rules.

Enquiries

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