Capital Reduction

16 March 2016

Findel plc (the "Group")

Trading Update

Capital Reduction

At the Annual General Meeting of the Company held on 30 July 2015, a special resolution was passed approving the cancellation of all amounts standing to the credit of the Company's share premium account and capital redemption reserve, along with the reduction of the nominal value of the ordinary share capital of the Company to 10 pence per ordinary share ("Capital Reduction"), subject to the approval of the Court. Pursuant to the approval obtained from shareholders, in order for the Capital Reduction to take effect the required Court approvals had to be obtained.

The Company is pleased to announce that, following the approval of the Court and the subsequent registration of the Court order with the Registrar of Companies, the Capital Reduction became effective on 15 March 2016.

Enquiries

Findel plc David Sugden / Tim Kowalski0161 303 3465

Tulchan Communications LLPStephen Malthouse / Giles Kernick020 7353 4200