John Menzies plc completes the acquisition of ASIG

1 February 2017

John Menzies plc

("John Menzies" or the "Group")

John Menzies plc completes the acquisition of ASIG

John Menzies plc (Menzies) is delighted to announce the completion of the acquisition of ASIG from BBA Aviation plc for US$202m.

Agreement has been reached with the Competition and Markets Authority (CMA) to hold the ASIG operations at Aberdeen Airport separately in order to satisfy the requirements of the CMA to ultimately divest those operations and obtain UK merger clearance.

Forsyth Black, Managing Director of Menzies Aviation said:

"I am delighted to announce the completion of our acquisition of ASIG. This is a truly transformational deal and I welcome all ASIG employees into the Menzies family.

"Whilst ground handling is at the core of our business ASIG brings exciting new product lines to the Group giving us great opportunities to further strengthen the aviation business."

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