RESULTS OF OPEN OFFER

29 NOVEMBER 2011

RESULTS OF OPEN OFFER

SUPERGLASS HOLDINGS PLC

(the "Company")

On 7 November 2011, the Company announced details of a proposed share issue to raise gross proceeds of up to approximately £9.46 million through a Firm Placing, Placing and Open Offer of up to 47,272,745 New Ordinary Shares at a price of 20 pence per New Ordinary Share pursuant to the terms of the Prospectus issued by the Company on 7 November 2011 (the "Prospectus").

The Open Offer closed for acceptances at 11.00 a.m. today. The Company is pleased to announce that valid applications have been received from Qualifying Shareholders under the Open Offer for 4,382,387 New Ordinary Shares. All such valid applications will be satisfied in full.

The Issue remains conditional upon the passing of Resolutions at a General Meeting of the Company to be held tomorrow, 30 November 2011 at 10.00 a.m. at the office of Brewin Dolphin Limited, 12 Smithfield Street, London EC1A 9BD and upon Admission becoming effective on or before 8.00 a.m. on 1 December 2011 (or such later date and/or time as the Company and Brewin Dolphin Limited may agree subject to the terms of the Prospectus).

An application for admission of the New Ordinary Shares to the Official List and to trading on the main market of the London Stock Exchange will be made in the event that the Resolutions are passed at the General Meeting. It is expected that Admission will become effective and that dealing in the New Ordinary Shares will commence at 8.00 a.m. on 1 December 2011. It is also expected that CREST accounts will be credited on 1 December 2011.

The New Ordinary Shares will rank equally in all respects with the Existing Ordinary Shares following consolidation into Post-Consolidation Ordinary Shares.

This announcement should be read in conjunction with the full text of the Prospectus posted to Shareholders on 7 November 2011, copies of which are available on the Company's website (www.superglass.co.uk). Capitalised terms in this announcement have the meanings given to them in the Prospectus.