Conversion of Convertible Loan Notes

Flying Brands Limited

Conversion of Convertible Loan Notes into Equity

The Directors of Flying Brands Limited (the "Company" or "Flying Brands") are pleased to announce that, Flare Capital Limited, has elected to convert its £25,000 convertible loan note, ('Convertible Loan Note'), together with accrued interest, into, in aggregate, 2,323,864 new units comprising one ordinary share of £0.01 each and one 'A' ordinary share ('Units') at the conversion price of £0.011 per Unit. In addition, Trevor Brown, a director of Flying Brands, has elected to convert £5,200 of Convertible Loan Notes, together with accrued interest, into, in aggregate, 483,364 Units. Following this conversion, Flying Brands has £269,800 Convertible Loan Notes outstanding. 

Further details of the Convertible Loan Notes were set out in the Company's announcement and circular, both dated 13 February 2015.

Total Voting Rights

Application has been made for the abovementioned 2,807,228 new Units to be admitted to trading on the standard listing segment of the Official List ('Admission'). Admission is expected to become effective and dealings to commence at 8.00 a.m. on 14 July 2015. On Admission, the Company will have 30,880,963 Units in issue.

The Company has no Units held in treasury. Accordingly the above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Following the conversion, Flare Capital Limited will be interested in 2,323,864 Units, representing approximately 7.53 per cent. of the Company's enlarged issued Unit share capital and Trevor Brown will be interested in 483,364 Units, representing approximately 1.57 per cent of the Company's enlarged issued Unit capital. 

End

The Directors of the Company are responsible for the contents of this announcement.

Enquiries:

Flying Brands Limited

Michael Murphy/Trevor Brown

Tel: 0207 469 0930