Confirmation of Capital Reduction Exercise

PREMIER VETERINARY GROUP PLC

("PVG" or the "Company")

Confirmation of Capital Reduction Exercise

Premier Veterinary Group plc announces that, further to its announcement made on 24 August 2016, the High Court of Justice, Chancery Division, made an Order on 31 August 2016 ("Order") confirming the reduction of PVG's share capital and the cancellation of the entire amount standing to the credit of the Company's share premium account (the "Capital Reduction").

The Order has been registered at Companies House. Details of the Capital Reduction were set out in the Notice to Annual General Meeting dated 28 January 2016 and the proposal was approved by Shareholders at the Annual General Meeting held on 23 March 2016.

As a result of the Capital Reduction, the issued share capital of the Company was reduced from £4,895,516.70 to £1,490,743.30 by cancelling and extinguishing all the issued deferred shares of 90 pence each. The Capital Reduction does not change the number of ordinary shares of 10 pence each in the capital of the Company in issue, which remains at 14,907,433.

For further information, please contact:

Premier Veterinary Group plc Tel: +44 (0)117 970 4130

Dominic Tonner, Chief Executive Officer

Daniel Smith, Chief Financial Officer

Zeus Capital Limited Tel: +44 (0)203 829 5000

Giles Balleny, Director, Corporate Finance

Hugh Kingsmill Moore, Director, Sales 

Square1 Consulting Tel: +44 (0)207 929 5599

David Bick/Brian Alexander