Exercise of Options

5 December 2017

Clipper Logistics plc

("Company" or "Clipper")

Exercise of Options

The Company announces that, following the exercise of employee share options under the Company's Sharesave Scheme, applications have been made for 4,876 new ordinary shares of 0.05p each ("New Shares") to be admitted to listing on the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange ("Admission"). It is expected that Admission will become effective and dealings in the New Shares will commence at 8.00am on 8th December 2017. The New Shares will rank pari passu with all existing ordinary shares in issue.

Following Admission, the Company's issued share capital will consist of 100,289,521 ordinary shares each with voting rights.

The above figure of 100,289,521 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 of a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

-Ends-

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