Statement of Intention Not to Make an Offer

STATEMENT OF INTENTION NOT TO MAKE AN OFFER

THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (DIRECTLY OR INDIRECTLY), IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF ANY RELEVANT LAWS OF THAT JURISDICTION.

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE UK CITY CODE ON TAKEOVERS AND MERGERS

22 November 2016

For immediate release

Jonas Computing (UK) Limited ("Jonas UK")

Statement of Intention Not to Make an OfferFor ServicePower Technologies Plc ("ServicePower")

On 10 November 2016, Jonas UK announced that it was in talks about a possible offer with ServicePower. Following further discussions, Jonas UK has concluded that it does not intend to make an offer for ServicePower. As a result of this announcement, Jonas UK will be bound by the restrictions contained in Rule 2.8 of the Code other than in the circumstances described in Note 2 to Rule 2.8 of the Code or otherwise with the consent of the UK Panel on Takeovers and Mergers.

Herax Partners LLP ("Herax") is acting as financial adviser to Jonas UK.

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