Proposed Share Consolidation & Name Change

Westside Investments plc / Ticker: WST.L / Index: AIM / Sector: Investment

Westside Investments plc ('Westside' or 'the Group' or 'the Company')

Proposed Change of Name and Share Consolidation

Westside Investments plc, the AIM listed investment vehicle, has posted a circular to shareholders convening a general meeting of the Company setting out details of a proposed consolidation of the share capital ('Share Consolidation') as well as a name change. The general meeting will take place at the offices of Howard Kennedy LLP at No. 1 London Bridge, London, SE1 9BG on 29 October 2015 at 9.30 a.m.

The Company wishes to change its name to Ultimate Sports Group Plc in order to better reflect the Company's change in strategic direction. In addition, the Company proposes to undertake the Share Consolidation in order to reduce the large number of Existing Ordinary Shares, which the Directors believe will make shares in the Company more attractive to future investors.

Under the Share Consolidation it is proposed that every 100 Existing Ordinary Shares of 0.1 pence each on the Record Date will be consolidated into one New Ordinary Share of 10 pence each. Shareholders with a holding of Existing Ordinary Shares which is not exactly divisible by 100 will have their holdings rounded down to the nearest whole number of Ordinary Shares. Holders of fewer than 100 Existing Ordinary Shares will not be entitled to receive any New Ordinary Shares following the Share Consolidation. Any fractional entitlements arising from the Share Consolidation will be aggregated and sold in the market (for the best price reasonable attainable), in accordance with Article 12 of the Articles, whereby in certain circumstances the net proceeds of such sale may be distributed among the persons entitled to them in accordance with the Articles.

Other than in respect of the change in the nominal value, the rights attaching to the New Ordinary Shares will be identical to the rights attaching to the Ordinary Shares. Immediately following the Share Consolidation, Shareholders will still hold the same proportion of the Company's ordinary share capital as before the Share Consolidation (save in respect of any fractional entitlements which will be dealt with as described above).

Further details of the Share Consolidation are set out in the Circular which will be made available on the Company's website at www.westsideinvestments.com.

The Definitions which apply in the Circular have been used in this announcement.

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For further information please visit www.westsideacquisitions.com or contact: