Exercise of Warrants and Issue of Equity

For immediate release

20 March 2017

Monchhichi Plc

("Monchhichi" or the "Company")

Exercise of Warrants and Issue of Equity

London, 20 March 2017 - Monchhichi plc (AIM: MCC) announces that it has received notification from warrant holders to exercise warrants over 289 ordinary shares of 0.1p each in the Company at an exercise price of 80p per share.

Application has been made to the London Stock Exchange to admit the 289 new ordinary shares to trading on AIM. Admission of the new ordinary shares is expected to occur on or around 22 March 2017. The new ordinary shares will rank pari passu with the existing ordinary shares.

Following the issue of shares detailed above the enlarged share capital of the Company will comprise 43,902,062 ordinary shares of 0.1p each.

The Company does not hold any ordinary shares in treasury. Therefore, the total number of voting rights in the Company is 43,902,062. This 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, the Company under the FCA's Disclosure Guidance and Transparency Rules.