Result of AGM, EGM and Consolidation of Shares

27 June 2016

Velox3 plc

("Velox3" or "the Company")

Result of AGM, EGM and Consolidation of Shares

Result of AGM

Velox3 is pleased to announce that all resolutions put to shareholders at the Company's Annual General Meeting and at its Extraordinary General Meeting held earlier today were duly passed and therefore completion of the acquisition of Sheltyco Enterprises Group Limited is expected to take place on 30 June 2016.

Consolidation of Shares

The Company further announces that the consolidation of shares approved today at the Annual General Meeting is expected to take effect from 8.00 a.m. on 30 June 2016. As a result of the consolidation of shares the Subscription and the Acquisition, the number of Ordinary Shares in issue in the Company is expected to be 56,059,269. Application has been made to the London Stock Exchange for the admission to AIM ("Admission") of the 56,059,269 Ordinary Shares of nil par value each in the Company ("Enlarged Share Capital") under the ISIN IM00BYT32K14. On Admission, the Company's TIDM will become: "VLTY".

With effect from Admission, share certificates in respect of Existing Ordinary Shares will cease to be valid. It is expected that by 13 July 2016, the Registrar for the Company will despatch share certificates in respect of new Ordinary Shares to those shareholders who hold their Existing Ordinary Shares in certificated form and until such time shareholders should retain any share certificate(s) they currently hold in respect of Existing Ordinary Shares until receipt of their new share certificates. Shareholders who hold their Existing Ordinary Shares in CREST will have the New Ordinary Shares to which they are entitled automatically credited to their CREST accounts at approximately 8.00 a.m. on 30 June 2016.

Shareholders with a holding in excess of 25 Existing Ordinary Shares, but which is not exactly divisible by 25, will have their holdings of Ordinary Shares rounded down to the nearest whole number of Ordinary Shares following the Share Consolidation. Fractional entitlements, whether arising from holdings of fewer or more than 25 Existing Ordinary Shares, will be sold in the market and the proceeds will be retained for the benefit of Company.

Change of Name and Website Address

Shareholders have approved the change of Company name to Veltyco Group Plc.

The change of name will be effective once Companies House has issued a certificate of incorporation on change of name. This is expected to occur by Admission. The TIDM of the Company is also expected to change to VLTY with effect from 7 a.m. on 30 June 2016.

Following the change of name the Company's website address, which will include the information required by AIM Rule 26, will be www.veltyco.com

Voting rights and capital

Following Admission, the Company's issued share capital is expected to comprise 56,059,269 Ordinary Shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Unless the context otherwise requires, capitalised terms used in this announcement shall have the same meaning ascribed to them in the Notice of Annual General Meeting posted to shareholders and available on the Company's website, www.veltyco.com

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