Board Changes

15 November 2016

Acorn Growth Plc (the "Company")

Board Changes

The board of the Company is pleased to announce the appointment of Nicholas Walton Hofgren and Graeme Scott Johnson as directors of the Company with immediate effect. Graeme Johnson is a director of The Mint Corporation, a corporation listed on the TSX Venture Exchange, and has been a director of such corporation since 31 July 2014. There are no additional matters requiring disclosure under Rule 9.6.13 of the UK Listing Rules in respect of these appointments.

The Company also announces the resignation of Anthony Brennan and Charles Goodfellow as directors of the Company with immediate effect. The board thanks Charles and Anthony for their considerable contribution to the Company during their time as directors.