Rule 2.10(c) - Laird Plc

J O Hambro Capital Management Limited

Disclosure under Rule 2.10(c) of The City Code on Takeovers and Mergers

J O Hambro Capital Management Limited ("JOHCM") provided a non-binding letter of intent to AI Ladder Limited on 01 March 2018 regarding the proposed acquisition of Laird Plc as referred to in the announcement of the recommended cash offer on 01 March 2018.

The non-binding letter of intent was for 19,052,623 ordinary shares of 28.125p in Laird Plc.

In accordance with Rule 2.10(c) of The City Code on Takeovers and Mergers JOHCM now announces that following a disposal it no longer intends to comply with the letter of intent in respect of a further 2,700,000 ordinary shares of 28.125p in Laird Plc. The non-binding letter of intent issued on 01 March 2018 still applies to 11,352,623 ordinary shares of 28.125p in Laird Plc.