Conversion of Convertible Loan Notes into Equity

 LB-Shell plc

(the "Company")

Conversion of Convertible Loan Notes into Equity

The Company announces that Melissa Sturgess, a director of the Company, has elected to convert £10,312 of her convertible loan notes (held via Pankhurst Investments LTD) issued pursuant to a loan note instrument dated 1 June 2018 ("£300,000 CLNs") into 41,247,688 Ordinary Shares of £0.0001 at a conversion price of £0.00025 per share. Following this conversion, LB-Shell PLC has £289,688 of £300,000 CLNs outstanding and £135,000 convertible loan notes which were issued to settle professional fees and associated obligations relating to the refinancing of the Company ("£135,000 CLNs") (together the "CLNs").

On completion of the issue, the Company's enlarged issued capital consists of 247,487,019 Ordinary Shares of £0.0001 per share with voting rights. This number may be used by shareholders, following the placing, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules

It is expected that the new Ordinary Shares are to commence trading on 29 June 2018.

Following the conversion, Melissa Sturgess will be directly and indirectly interested in 41,247,688 Ordinary Shares, representing approximately 16.67% per cent. of the Company's enlarged issued ordinary share capital and £139,688 of CLNs.

Enquiries:

LB-Shell plc

Melissa Sturgess Tel: +44 7787 942 777

Email: [email protected]

Peterhouse Capital Limited

Heena Karani and Lucy Williams Tel: +44 207 469 0933