Issue of Equity

VERDES MANAGEMENT PLC

(AIM: VMP)

Issue of Equity

Verdes Management plc (AIM: VMP), the specialist turnaround services provider, announces that application has been made for 6,999,999 new Ordinary shares to be admitted to AIM.

6,666,666 new ordinary shares have been issued and allotted following a placing at 0.75p per share ("the Placing Shares"), conditional on admission to AIM and dealings are expected to commence in the Placing Shares on Wednesday 22 December 2010: 333,333 new ordinary shares have been issued and allotted, conditional on admission, following the exercise of a warrant ("the Warrant Shares"). It is expected that dealings in the Warrant Shares will commence with effect from 24 December 2010.

In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following admission of the Placing Shares and Warrant Shares its issued share capital will consist of 153,944,086 Ordinary Shares. The Company does not hold any shares in treasury. Shareholders may use this figure 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 FSA's Disclosure and Transparency Rules