Director/PDMR Shareholding

27 May 2014

KBC Advanced Technologies plc

("KBC" or "the Company")

Director's Dealings & DTR disclosure

KBC Advanced Technologies plc (the "Company" or "KBC") received notification on 23 May 2014 from Kestrel Partners LLP ("Kestrel") that on 22 May 2014 it acquired, on behalf of its discretionary clients, 100,000 ordinary shares ("Shares") in the Company at a price of £1.21 per share and on 23 May 2014 it acquired, on behalf of its discretionary clients, 25,000 Shares at a price of £1.21 per share.

Kestrel is the investment manager to Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities"), and various other clients. This disclosure relates to indirect shares and voting rights in the Company that are managed by Kestrel on a discretionary basis. 

Oliver Scott (Non-executive Director of KBC) is a partner of, and holds a beneficial interest in Kestrel. Mr Scott is also a shareholder in Kestrel Opportunities and is therefore deemed to have a legal beneficial interest in Kestrel Opportunities' entire legal holding in KBC.

Prior to this purchase of shares, Kestrel on a combined basis indirectly held shares and voting rights over 8,411,497 Shares in the Company.

Following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a legal beneficial interest in) 7,663,863 Shares in the Company. Kestrel's other discretionary clients, in which Mr Scott has no legal beneficial interest, hold a further 872,634 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 8,536,497 Shares in the Company, which represents approximately 14.31 per cent of the Company's issued share capital.

Save as disclosed above, Mr Scott is not interested in any further shares in KBC, either directly or indirectly.

This disclosure does not include the 1,500,000 new Shares in KBC that Kestrel subscribed for under the Placing which was announced on 22 May 2014. These shares will only be allotted following approval of the resolutions to be proposed at the Company's General Meeting due to be held on 9 June 2014.

Kestrel's interest in KBC is held through the following nominees:

KBC Advanced Technologies plc

Janet Ireland, Company Secretary, Tel 01932 242424

Cenkos Securities plc

Bobbie Hilliam, Tel 020 7397 8900