Investment Warrants and Directors' Interests

Monchhichi Plc

 ('Monchhichi' or the 'Company')

Maturity date extension to Bonus Warrants

Issuance of 25 million Investment Warrants

CEO subscribes for additional 5 million Investment Warrants

Quarterly share issuance to Directors in lieu of remuneration

Conversion of liabilities and fees into equity

Maturity Extension Bonus Warrants

The Board is pleased to inform holders of the Bonus Warrants that were issued to shareholders on the register on 5 January 2017 that the maturity date has been extended until 24 December 2017. No action is required to be taken by holders of these Bonus Warrants presently. At the appropriate time, the Company will make further announcements with regards to these Bonus Warrants.

Issuance of 30 million Investment Warrants

The Company has furthermore placed a total of 30 million assignable Investment Warrants that can convert into an equivalent number of new ordinary shares in the Company at 47.5p per share with two international investors and the Company's CEO. The upfront investment consideration per Investment Warrant is 1.0p premium for a total cash amount of £300,000. The Investment Warrants maturity date is 24 December 2017. The maturity date accelerates to 15 working days from the date Monchhichi provides notification to the Investment Warrant holder that it has entered into a binding agreement for one or more investments with a combined value of at least £40 million and with a minimum of 25% of such consideration being satisfied through the issuance of newly issued shares of the Company at a notional price of 60p per Monchhichi share or more. Should these Investment Warrants be exercised in full it would raise a total of £14.55 million in cash for the Company including the initial upfront 1.0p premium per Investment Warrant. As part of the issuance 5 million Investment Warrants have been subscribed for by Monchhichi CEO Jean Pascal Tranié.

Quarterly Share Issuance to Directors

As was announced in January 2017, all current Directors opted to convert their entire fixed annual 2017/18 cash remuneration of £24,000 on a quarterly basis into ordinary Monchhichi shares at a fixed price of 40p per share. As a result, the Company has today issued for the period up to 31 March 2017 the following shares:

Furthermore 60,000 shares were issued today to the Company Secretary Stuart Davies. With effect from 8 June 2017, Cooley Secretarial Services will take over the role of Company Secretary. Stuart shall remain available in a consultancy role to the Directors and the Company until 30 June 2017.

Conversion of Liabilities and Fees into equity

In addition, a total amount of £450,000 of outstanding liabilities and financial commitments have been converted into 1,000,000 new Monchhichi shares.

Application has been made to the London Stock Exchange for the admission to trading of 1,105,000 new ordinary shares. It is expected that admission will become effective on 14 June 2017.

After admission of the new shares the Company's share capital will consist of 45,007,162 ordinary shares with voting rights. The Company does not hold any ordinary shares in treasury. Therefore, the total number of voting rights in the Company will be 45,007,162. 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.

Commenting on today's announcement Jean Pascal Tranié, CEO of Monchhichi PLC said:

"The introduction of additional long term growth oriented international investors through the issuance of bespoke Investment Warrants further enhance our ability to conduct meaningful transactions within our stated Investment Policy. At the same time, we are pleased to extend the maturity date of the Bonus Warrants by a period of four months. We thank Stuart for his assistance over the past months as Company Secretary and wish him well for the future."

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The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.