Change of Name

15 October 2015

Ultima Networks PLC

("Ultima" or the "Company")

Change of Name

The Company announces that its name has changed from Ultima Networks PLC to Onzima Ventures PLC. The Company's TIDM will change to ONZ from 16 October 2015 to reflect its new name.

For further information please contact:

Ultima Networks PLC Tel: +44 1279 821 200

Gavin Burnell, Luke Cairns

Nominated Adviser

Cairn Financial Advisers LLP Tel: +44 (0) 207 148 7900

Sandy Jamieson, Liam Murray

Broker

Peterhouse Corporate Finance Limited Tel: +44 (0) 20 7469 0930

Guy Miller, Lucy Williams