Exercise of Warrants

Journey Group plc (the "Company")

Exercise of warrants

The Company announces that it has received an exercise notice from Fourvision Fund LP to exercise warrants over 999,277 ordinary shares of 25p each ("Ordinary Shares") at an exercise price of 25 pence per Ordinary Share. Accordingly, the Company will issue 999,277 Ordinary Shares in settlement of this exercise (the "Warrant Exercise").

The new Ordinary Shares will rank pari passu with the existing Ordinary Shares and application will shortly be made for the new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the new Ordinary Shares will commence at 8.00 a.m. on • March 2014.

Following the Warrant Exercise, the Company's issued share capital will consist of 13,798,642 Ordinary Shares with voting rights. This number 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 share capital of the Company.

Following the exercise by Fourvision Fund LP the Company no longer has any outstanding warrants to subscribe for Ordinary Shares.

For further information please contact:

Stephen Yapp

Carl Fry

Journey Group plc

Tel: +44 (0) 20 8606 2000

[email protected]

N+1 Singer (Nominated Advisor & Broker)

Jonny Franklin-Adams

Matt Thomas

Tel: +44 (0) 20 7496 3000