Media speculation and suspension of shares

For Immediate Release 28 July 2017

Monchhichi plc

("Monchhichi" or "the Company")

Comment re: Media speculation and suspension of shares

The Board of Monchhichi has noted today's press speculation and can confirm, that in accordance with its Investment Policy adopted in Q1 2017, it is now at an advanced stage of formally securing its first material investment in a global private technology company.

Such a transaction, if completed, would constitute a Reverse Takeover pursuant to AIM Rule 14. As a result, the shares of the Company have been suspended until the publication of an admission document or until discussions end. 

Shareholders are advised that there can be no certainty that the discussions between the parties will lead to any agreement concerning the possible transaction or as to the timing or terms of any such transaction and there can be no assurance that, even if agreement is reached, any such transaction would be completed. The Company expects to be able to provide a further update to shareholders in the next few weeks.

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