Response to revised possible offer

Cambian Group plc

Response to revised possible offer

24 July 2018

Cambian Group plc ("Cambian") notes the announcement made by CareTech Holdings plc ("CareTech") earlier today regarding a revised possible offer for Cambian. The Board of Cambian advises its shareholders to take no action as a result of CareTech's announcement. A further announcement will be made by Cambian in due course.

Enquiries

Notice related to financial advisers and joint corporate brokers

N.M. Rothschild & Sons Limited ("Rothschild"), which is authorised and regulated by the Financial Conduct Authority in the United Kingdom, is acting exclusively for Cambian and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Cambian for providing the protections afforded to its clients or for providing advice in connection with the subject matter of this announcement.

Investec Bank plc ("Investec") is authorised by the Prudential Regulation Authority and regulated in the United Kingdom by the Financial Conduct Authority and the Prudential Regulation Authority. Investec is acting exclusively for the Company and no one else in connection with the matters set out in this announcement. In connection with such matters, Investec will not regard any other person other than the Company as their client, nor will Investec be responsible to anyone other than the Company for providing the protections afforded to clients of Investec or for providing advice in relation to the contents of this announcement or any other matter referred to in this announcement.

J.P. Morgan Securities plc, which conducts its UK investment banking business as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), is authorised in the United Kingdom by the Prudential Regulation Authority (the "PRA") and regulated in the United Kingdom by the PRA and the Financial Conduct Authority. J.P. Morgan Cazenove is acting as financial adviser exclusively for the Company and no one else in connection with the matters set out in this announcement and will not regard any other person as its client in relation to the matters set out in this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of J.P. Morgan Cazenove or its affiliates, or for providing advice in relation to any matter referred to herein.

Publication on a website

A copy of this announcement will be made available, subject to certain restrictions relating to persons resident in restricted jurisdictions, on Cambian's website at http://www.cambiangroup.com/cambiangroup/investor/home.aspx promptly and in any event by no later than 12 noon (London time) on 25 July 2018. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.