Equity Placing

Theo Fennell PLC

("Theo Fennell" or the "Company")

Equity Placing

Theo Fennell PLC announces that it has today successfully raised £1.5 million (gross) through a placing of 3,947,368 new ordinary shares of 5 pence ("Placing Shares") at a price of 38 pence each with new and existing shareholders ("the Placing"). Seymour Pierce Limited acted as sole broker to the Placing and Cavendish Corporate Finance LLP as placing agent.

The Board is particularly pleased that its largest institutional shareholders are supporting this fundraising along with a number of new high quality investors. As well as institutional support, Barbara Snoad, CEO, Rupert Hambro, Chairman and Roger Pedder, Non-Executive Director, have subscribed for a total of 328,945 new ordinary shares in the Placing.

The net funds will be used to continue the development of and investment in product and for general working capital to accelerate the growth of the business.

Following the Placing, the Directors will have an interest in the following ordinary shares in the Company:

* JO Hambro is a company in which Rupert Hambro has a beneficial interest

** Further to the announcement on 23 June 2009, the Company has been notified by Theo Fennell that his correct interest in the Company is 3,630,279 ordinary shares representing approximately 15.95 per cent. of the issued share capital of the Company and not the previously stated interest of 3,633,385 ordinary shares.

Application has been made to the London Stock Exchange for admission of the 3,947,368 new ordinary shares to be admitted to trading on AIM. Admission is expected to occur on 7 April 2010.

For the purposes of the Disclosure and Transparency Rules, Theo Fennell PLC's total issued share capital following the issue of these shares consists of 22,758,029 ordinary shares of 5 pence each.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Theo Fennell PLC, under the Disclosure and Transparency Rules.