Result of AGM

19 December 2016

Management Resource Solutions Plc

Result of AGM

At the annual general meeting of Management Resources Solutions Plc ("MRS" or "Company") held in London today, the three resolutions put to shareholders were not passed.

As a result, Chris Berkefeld has ceased to be a director of MRS with immediate effect. Mr Berkefeld will however continue to provide his services to the Company as a consultant in the short term.

At the AGM, the chairman noted the Company's intention to appoint additional non-executive directors in the near future, subject to the completion of the appointment process.

Also as a result of the defeat of the resolutions put to the AGM, the Company no longer has any authority to issue additional ordinary shares of €0.01 each ("Ordinary Shares") without shareholder consent. As noted in the announcement of 16 December, this is not a matter of concern as MRS has no pressing requirement to issue equity for cash and the authority to issues shares for matters contracted prior to the AGM persists in any event.

As described in the announcement of 16 December, following the resumption of trading in the Ordinary Shares on AIM, the Company will be issuing Ordinary Shares to the vendors of Bachmann Plant Hire to satisfy the deferred consideration payment of A$1.333m. During the next year the Company may be required to make a second deferred payment to the Bachmann vendors, which may be satisfied by the issue of new Ordinary Shares at the Company's discretion.

In addition, the Company may be required to issue Ordinary Shares in the event of the exercise of outstanding options and warrants, although there is no indication of how many, if any, will be exercised during the year.

Finally, the Company has committed to paying outstanding fees to RFC Ambrian of A$69,139.43 by way of the issue of 397,353 Ordinary Shares at 17.4¢ pence per share (approximately 10.2p per share), as per the terms agreed between RFC and Paul Morffew on behalf of MRS in March 2016.

For further information:

Management Resource Solutions PLC c/o FTI +44 (0)20 3727 1000

Murray d'Almeida, Chairman

Timothy Jones, Finance Director

Northland Capital Partners Limited +44 (0)203 861 6625

(Nominated Adviser and Joint Broker)

William Vandyk

Gerry Beaney

Peterhouse Corporate Finance Limited +44 (0)20 7469 0932

(Joint Broker)

Charles Goodfellow

Lucy Williams

FTI Consulting +44 (0)20 3727 1000

Edward Westropp

Emilie O'Herne

Management Resource Solutions (MRS), through its subsidiaries Bachmann and MRS Services Group, offers plant hire, equipment repair, refurbishment and fabrication, mine rehabilitation, civil earthworks, labour hire and other support services to a wide base of private and public sector clients in Australia. MRS caters predominately to the mining, civil construction and infrastructure industries.