Issue of Equity and Total Voting Rights

16 May 2019

nmcn PLC

Issue of Equity and Total Voting Rights

nmcn PLC ("nmcn" or "the Company" or "the Group") today announces that it has issued and allotted 288,608 new ordinary shares of 10p each in the capital of the Company ("New Ordinary Shares"). The New Ordinary Shares have been allotted to the EBT Jersey - nmcn PLC ("EBT") at 10p per New Ordinary Share (par value), in order to satisfy the vesting of share awards to certain directors, granted in 2016, under the Company's Performance Share Plan ("PSP"), which were subject to a performance condition which the Company can confirm has been satisfied in full.

Applications will be made for the New Ordinary Shares to be admitted to the premium listing segment of the Official List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange ("Admission"). It is expected that Admission will take place on or around 22 May 2019.

It is anticipated that the New Ordinary Shares will vest under the PSP on 7 June 2019 and be transferred to the beneficiaries under the PSP. Further announcements will be made as appropriate.

Total Voting Rights

Following Admission, the Company's issued share capital, excluding shares held in treasury of 32,500 ordinary shares, consists of 10,406,108 ordinary shares of 10p each.

The above figure of 10,406,108 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For further information please contact:

nmcn PLC - 01623 515 008

John Homer, Chief Executive

Dan Taylor, Chief Financial Officer