Director Appointment

30 April 2014

Concha PLC

Director Appointment

Concha plc (AIM: CHA) ("Concha" or the "Company") is pleased to announce the appointment of Gordon Watson as a Non-Executive Director of the Company with immediate effect.

Gordon is Regional Chief Executive of AIA Group Limited ("AIA"), the Hong Kong listed pan-Asian life insurance provider. In this role, Gordon is responsible for AIA's business divisions operating in Hong Kong, Macau, Korea, Philippines, Australia, New Zealand, India, Indonesia, Vietnam and Sri Lanka as well as the Group Corporate Solutions business and Group Partnership Distribution. Gordon has over 28 years' service with AIG and AIA and has held various senior leadership positions during that time in New York, London, Africa, the Middle East, Japan, Korea and Hong Kong.

Gordon holds an MBA from University of Hull in the UK and is a Fellow of the Chartered Insurance Institute.

Commenting on Gordon's appointment, Chris Akers, Concha's Executive Chairman, said:

"In delivering our ambitious growth agenda, we welcome Gordon as an important addition to the Concha Board. Gordon's knowledge and insight into the Asian and global markets shall prove invaluable in helping us realise our international objectives."

Gordon Watson also commented:

"I am delighted to be joining the Board of Concha. Chris Akers has a formidable track record in spotting disruptive and ever-changing technology, media and consumer trends and is, like me, passionate about media, sports and human connectivity. I look forward to supporting the team at Concha as they proactively participate in and capture some of the exciting global market opportunities these areas provide."

Enquiries:

Concha PLC

Chris Akers, Executive Chairman [email protected]

Strand Hanson Limited (Nominated Adviser) +44 (0) 207409 3494

James Harris

Andrew Emmott

Ritchie Balmer

Buchanan (Financial PR) +44 (0) 2074665000

Mark Edwards

Pursuant to Schedule 2 paragraph (g) of the AIM Rules, the following information is disclosed:

Gordon Timmins Watson (aged 50):

Current Directorships Past Directorships (past 5 years)

AIA Australia AIA Company (Trustee) Limited

AIA Company Limited AIA Pension and Trustee Co. Ltd.

AIA Foundation BPI-Philam Life Assurance Corporation

AIA Holdings Lanka (Private) Limited

AIA Insurance Lanka PLC

AIA International Limited

AIA (Vietnam) Life Insurance Company Limited

AIA Vitality Company Limited

AIA Vitality (Hong Kong) Limited

Bayshore Development Group Limited

InsightPlus Innovator Co., Ltd.

Tata AIA Life Insurance Company Limited

The Philippines American Life & General Insurance Co.

Gordon participated in the subscription by the Company announced on 23 April 2014 and as a result is interested in 100,000,000 ordinary shares in the Company, representing 7.75 per cent. of the issued share capital. In addition, Gordon holds 25,000,000 warrants over the Company's ordinary shares, which are exercisable at 1.2 pence.

There is no further information to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules.