Result of EGM and Change of Name

MARTINCO PLC

(the "Company" or the "Group")

Result of Extraordinary General Meeting and Change of Name

Further to its announcement on 23 February 2017 regarding a change of name of the Company, the Board confirms that the special resolution proposed at the Extraordinary General Meeting of the Company held earlier today was duly passed.

Accordingly the Company's name has changed from 'MartinCo plc' to 'The Property Franchise Group plc'. The Board believes that 'The Property Franchise Group plc' recognises the Group's strategic success in developing from a single franchisor to a multi franchisor of residential sales and lettings agents and, therefore, more accurately reflects the main business of the Group.

It is anticipated that on 21 March 2017, the Company's TIDM 'ticker' will change to 'TPFG'. The Company's ISIN will remain unchanged.

For further information, please contact:

MartinCo PLC 01202 292829

Ian Wilson, Chief Executive Officer

David Raggett, Chief Financial Officer

Cenkos Securities plc 0207 397 8925

Max Hartley(Nomad), Alex Aylen (Sales)

Bell Pottinger 020 3772 2500

David Rydell, Henry Lerwill