Issue of Equity

20 January 2014

Verdes Management PLC

Issue of Equity

Verdes Management PLC

("Verdes" or the "Company")

Issue of Equity

Further to the RNS announcement issued on 13 January 2014 in relation to the conversion notice received by the Company from Westminster Asset Management Limited ("Westminster") in respect of the convertible loan agreement entered into between the Company and Westminster, the Company confirms that it has today issued and allotted 163,272,727 ordinary shares of 0.01p each in the capital of the Company ("Ordinary Shares") and re-allotted 64,000,000 Ordinary Shares previously forfeited by Esquire Investments B.V and subsequently held in the Company's name (as previously set out in the RNS announcement of 5 March 2013), at 0.055p per Ordinary Share to Westminster.

Application has been made for the 163,272,727 new Ordinary Shares to be admitted to trading on AIM, and Admission is expected on 23 January 2014. The other 64,000,000 Ordinary Shares are already admitted to trading on AIM.

Following this allotment the issued ordinary share capital is 829,953,462 Ordinary Shares. Westminster holds 27.38% of this enlarged issued share capital.

For further information please contact:

Verdes Management PLC

Daan van den Noort - Chairman 00 31 6 10 89 65 81

Jan Geertman - Consultant to the Board 07825 501627

SPARK Advisory Partners Limited (Nominated Adviser)

Neil Baldwin 0113 370 8974

ENDS