Issue of Equity

24 June 2013

Mentum Inc.

("Mentum" or the "Company")

Conversion of Convertible Loan Notes / Issue of Equity

Mentum (AIM:MEN), the AIM listed investing company, announces that following the restoration of trading, the Conditions of the Loan Notes have now been satisfied. The whole of the £300,000 principal amount of the Convertible Loan Notes has now been automatically converted into new Ordinary Shares at a conversion price of £0.0013 per Ordinary Share, resulting in the issue of 230,769,231 new Ordinary Shares to the Subscribers, representing approximately 39.785 per cent. of the enlarged issued share capital of the Company. Further to this allotment of new Ordinary Shares the following shareholders have notifiable interests in the Company's Ordinary Shares:

Stanhill Special Situations Fund Limited, ECK Partners (Holdings) Limited and Bleachers Investments Limited are connected companies.

Application has been made to the London Stock Exchange for the 230,769,231 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings will commence at 8.00 a.m. on 27 June 2013.

Following the issue of the abovementioned new Ordinary Shares the Company's issued share capital will consist of 580,037,345 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury and accordingly there are no voting rights in respect of any treasury shares. 

The above figure of 580,037,345 Ordinary Shares may be used by shareholders in the Company 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, Mentum under the Financial Conduct Authority's Disclosure and Transparency Rules.

Unless the context otherwise requires, defined terms used in this announcement shall have the meanings given to them in the circular dated 31 May 2013.

**ENDS**