Issue of Equity

ISG plc

Issue of Equity

31 March 2014

The Board of ISG plc ("the Company") announces that it has issued 14,212 ordinary shares of 1p each in the Company ("Ordinary Shares") in respect of a portion of the deferred consideration due under the terms of the acquisition of Tecton Engineering GmbH ("Tecton").

The Ordinary Shares were issued at a price of £2.908 each, being the average closing mid-market price as quoted on the AIM market of the London Stock Exchange plc on each of the 10 business days up to and including 26 March 2014 in accordance with the Tecton acquisition agreement dated 24 July 2013.

Application has been made to the London Stock Exchange for the new Ordinary Shares to be admitted to AIM and it is expected that admission will take place on 3 April 2014. The new Ordinary Shares will rank pari passu with the existing shares of the Company. Following admission the total issued share capital of the Company will be 39,101,203. This figure 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 share capital of the Company under the Disclosure and Transparency Rules.

Enquiries

ISG plc

Jared Cranney, Company Secretary

Tel: 020 7392 5339

Ends