Statement re Competition and Markets Authority

2 March 2018

Trinity Mirror plc

Statement re Competition and Markets Authority ("CMA") merger investigation

On 1 March 2018, the Company announced the completion of the acquisition of Northern & Shell's UK publishing assets via the acquisition of 100% of the equity in Northern & Shell Network Limited (the "Acquisition").

Trinity Mirror notes that the CMA has launched a merger investigation and made an initial enforcement order (a "hold separate" order) under the Enterprise Act 2002, in relation to the Acquisition.

The Board continues to believe that there will be no reduction in media plurality as a result of the Acquisition, as each newspaper brand will continue with its current editorial positioning, and that there will not be any detrimental impact on competition as a result of the Acquisition.

A further announcement will be made as and when appropriate.

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