Exercise of Warrants and Issue of Equity

Exercise of Warrants and Issue of Equity

Andrew Black, Concha and Ve Interactive shareholder, increases his Concha shareholding

Concha PLC ("Concha" or "the Company"), the AIM listed Investment Company focused on high impact global opportunities within the mobile, internet, sports, social media, digital and technology space, announces that Andrew Black has elected to convert 25,000,000 warrants into 25,000,000 ordinary shares of .01p each in the Company, at an exercise price of 0.35p. Proceeds of £87,500 will be generated for Concha.

Mr Black is a long term shareholder in Concha and prior to the conversion of the warrants held 100,000,000 ordinary shares or 6.26% of the Company. Last year he became a shareholder in Ve Interactive Limited, one of Europe's fastest growing technology companies, in which Concha recently announced a £4.0m investment.

Following conversion of the 25,000,000 warrants Mr Black will hold 7.70% of Concha ordinary shares and no remaining warrants.

Admission to Trading & Total Voting Rights

Pursuant to the above exercise, 25,000,000 new ordinary shares of 0.1 pence each in the Company (the "New Ordinary Shares") have been issued and allotted and application has been made for their issue to trading on AIM. The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares. It is expected that admission will become effective and that dealings in the New Ordinary Shares will commence on or about 24 May 2016.

Following admission of the New Ordinary Shares, the Company's issued share capital will consist of 1,623,056,912 ordinary shares with voting rights. Concha does not hold any ordinary shares in treasury. The aforementioned figure of 1,623,056,912 ordinary shares may be used by shareholders in the Company 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, Concha under the FCA's Disclosure and Transparency Rules.

Contact:

Chris Akers, Executive Chairman

[email protected]

SPARK Advisory Partner Limited (Nominated Advisor) +44 (0)203 368 3550

Sean Wyndham-Quin

Mark Brady

Buchanan (Financial PR) +44 (0)207 466 5000

Mark Edwards

Notes :

In March 2016 Concha announced a £4.0m cash investment in Ve Interactive Limited via the acquisition of shares from existing shareholders at £250 per share, which based on the current issued share capital represents a holding of 0.43% of the business.

Ve is a multi-award winning global technology company offering a suite of apps across a single platform which drives website traffic and reduces abandonment at each stage of the customer journey on the site, including at the landing, browse, basket, check-out and post-purchase stage. This is done through display advertising, targeted overlays and email.

Ve services over 10,000 clients worldwide and tracks more than £100m worth of transactions a minute via its comprehensive data-set which provides valuable insights into customer activity. Each of its apps are driven to deliver highly-targeted content to customers based on their purchasing activity and profile.

Ve was announced as the winner of the annual Sunday Times Hiscox Tech Track 100 in September 2015. To qualify for the award, companies were ranked according to the compound annual growth rate in sales, based on latest available figures. Ve recorded a three year compound annual growth rate of over 300%. In addition, Ve was listed as one of Europe's 'unicorns' by the Financial Times in June 2015. A 'unicorn' is a privately owned company estimated to be valued in excess of $1bn.