Issue of Equity

16 December 2016

32Red Plc("the Company")

Issue of Equity

The Company announces today that it has issued 250,000 new ordinary shares of 0.2p each to Matthew Booth (Director) to satisfy an award made on 12 December 2013 under the Company's approved Long Term Incentive Plan (LTIP).

Application will be made for 250,000 ordinary shares of 0.2p each to be admitted to trading on AIM. The New Shares will rank pari passu in all respects with the existing shares in issue and dealings in the New Shares are expected to commence on 22 December 2016.

Following the admission of these shares to trading on AIM, a total of 85,347,528 ordinary shares are in issue and Mr Booth is interested in 366,958 ordinary shares of the Company, representing 0.43% of the total issued share capital and Total Voting Rights of the Company.

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