Amendment to Credit Facility

19 December 2016

Johnston Press plc

("Johnston Press" or the "Company")

Amendments to the Super Senior Revolving Credit Facility

Following the announcement on 4 October 2016, the Company is pleased to report that it has agreed further changes to the terms of its Super Senior Revolving Credit Facility with all of the lenders providing that facility. The amended terms are effective immediately and will provide the Group with a revolving credit facility of £10.0 million, such amount reducing over time until 30 June 2018 (the "Amended Facility").

The Amended Facility will be tested against revised leverage ratio covenants (tested quarterly), with an obligation to prepay and cancel the Amended Facility with 75 per cent. of net cash proceeds of any disposals outside of the ordinary course that the Company receives on or prior to 31 December 2016 and 100 per cent. of net cash proceeds of any subsequent such disposals thereafter. The Amended Facility currently remains undrawn.

On 16 December 2016 the Company announced that its subsidiary, Johnston Publishing Limited, had entered into a conditional agreement to sell the entire issued share capital of Johnston Publishing East Anglia Limited to Iliffe Media Limited for cash consideration of £17.0 million (the "Disposal"). The Disposal is conditional on shareholder approval. If the Disposal is completed, the Amended Facility will be cancelled.

Market abuse regulation

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.