Share Buyback

For immediate release

Mortice Limited

("Mortice" or the "Company")

Share Buy Back and Cancellation

Mortice Limited (AIM: MORT), the AIM listed security and facilities management company, announces that on 9 August 2019, in line with its share buyback program it had purchased 2,809,995 Ordinary Shares of no par value at a price of 12 pence per Ordinary Share.

All Ordinary Shares repurchased by the Company under the Exit Facility are to be cancelled upon repurchase. In total, since the EGM the Company has repurchased and cancelled 2,809,995 Ordinary Shares. There remain 5,320,760 Ordinary Shares available for repurchase under the Exit Facility.

Following the above purchase and cancellation, Mortice has 48,054,712 Ordinary Shares with voting rights in issue and no shares held as Treasury Shares.

All defined terms in this announcement will have the same meaning as those defined in the Circular dated 15 July 2019.