Isle of Man Agreement and Director Appointment

Pinewood Shepperton plc

22 October 2012

Satisfaction of Condition Precedent for Agreement with the Isle of Man Treasury and appointment of Steve Christian to the Pinewood Board of Directors

Isle of Man Agreement

Further to the announcement of 1 October 2012 relating to the agreement entered into with the Isle of Man Treasury (the "Agreement"), Pinewood Shepperton plc ("Pinewood" or the "Company"), a leading provider of services to the global film and television industry, today announces that the Company has received the consents required from the Financial Services Authority for the Agreement to become unconditional. Accordingly the Agreement will come into effect on 25 October 2012.

Appointment of Steve Christian as a Director

Pinewood also announces that Steve Christian, ACA (full name James Stephen Christian) will join the Board as an Executive Director from 25 October 2012. Mr. Christian will be responsible for coordinating the investment advice to the Isle of Man Treasury Film and Television Fund.

Steve Christian (aged 48) has been responsible for overseeing the development of the Isle of Man's film investment programme since 1995 and has recently completed the financing of their 100th film and television project. He is currently a non executive director of the Isle of Man's largest energy provider The Manx Electricity Authority and is also a director of CinemaNX Limited, Fordex Limited, Agrimark Limited and Gasworks Media Limited. Mr Christian was previously a non executive director of Isle of Man Film Limited.

No further information is required to be disclosed under Rule 17 or Schedule 2 paragraph (g) of the AIM Rules for Companies in respect of Mr. Christian's appointment as a Director of the Company.

Enquiries

Pinewood Shepperton plc +44 (0)1753 656732

Ivan Dunleavy - Chief Executive

Andrew M Smith - Director of Strategy and Communications

N+1 Brewin (Nominated Adviser and Broker) +44 (0)113 241 0126

Richard Lindley

Notes to editors

·; Pinewood Shepperton plc is Europe's largest provider of stage and studio space

·; The 30,000 sq ft Richard Attenborough Stage was officially opened on 23 April 2012

·; Pinewood, Shepperton and Teddington Studios together accommodate 34 stages, five dedicated digital television studios and five digital presentation studios

·; Pinewood Studios is home to Europe's leading studio-based underwater filming stage, as well as one of the largest exterior water tanks in Europe

·; Pinewood Studios has Europe's largest green screen

·; Pinewood and Shepperton Studios have been home to over 1,500 films in the last 75 years

·; Pinewood, Shepperton and Teddington Studios have hosted over 600 TV shows

Forward looking statements

This announcement includes forward looking statements that are based on current expectations and assumptions. They involve risks and uncertainties and may differ, possibly materially, from actual results, performance and achievement. Neither the Company, nor any of its directors, undertakes any obligation to update publicly or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.

For more information

Disclosures on the Company as required by AIM Rule 26 can be found at: www.pinewoodgroup.com/investor-relations.

Neither the content of the Company's website nor the content of any website accessible from hyperlinks on the Company's website, nor any other website, is incorporated into, or forms part of this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.