Scheme of Arrangement becomes Effective

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014

FOR IMMEDIATE RELEASE

10 July 2019

EU Supply plc

("EU Supply", the "Company" or the "Group")

Recommended Cash Offer for EU Supply by Mercell

Effected by way of a Scheme of Arrangement under Part 26 of the Companies Act 2006

Scheme of Arrangement becomes Effective

EU Supply and Mercell Holding AS ("Mercell") are pleased to announce that the Scheme of Arrangement (the "Scheme") has now become effective in accordance with its terms as set out in the Scheme document sent to EU Supply Shareholders on 7 June 2019 and that the entire issued share capital of EU Supply is now owned by Mercell.

Scheme Shareholders on the register at the Scheme Record Time, being 6.00 p.m. on 9 July 2019, will receive 18.25 pence in cash for each Scheme Share held. The latest date for settlement of the cash consideration payable under the Transaction is 24 July 2019. As further described in the Scheme document, settlement may either be by a despatch of cheque or through CREST.

Cancellation of the admission to trading of EU Supply Shares

Dealings in EU Supply Shares on AIM will be suspended with effect from 7.30 a.m. today. The cancellation of admission to trading of EU Supply Shares on AIM is expected to take effect at 7.00 a.m. tomorrow, 11 July 2019.

As a result of the Scheme having become effective, share certificates in respect of EU Supply Shares have ceased to be valid documents of title and entitlements to EU Supply Shares held in uncertificated form in CREST are being cancelled.

Capitalised terms used but not defined in this announcement have the meanings given to them in the scheme document sent to EU Supply Shareholders on 7 June 2019.

All times set out in this announcement are London times.

Enquiries:

Important notices

Shore Capital and Corporate Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority is acting exclusively as financial adviser to EU Supply and no one else in connection with the Transaction, the contents of this announcement or any other matters referred to in this announcement and will not be responsible to anyone other than EU Supply for providing the protections afforded to clients of Shore Capital and Corporate Limited nor for providing advice in relation to the Transaction, the contents of this announcement or any other matters referred to in this announcement.

Liberum Capital Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority is acting exclusively as financial adviser to Mercell and no one else in connection with the Transaction, the contents of this announcement or any other matters referred to in this announcement and will not be responsible to anyone other than Mercell for providing the protections afforded to clients of Liberum Capital Limited nor for providing advice in relation to the Transaction, the contents of this announcement or any other matters referred to in this announcement.