Statement Re Media Speculation

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA

Johnston Press plc

Statement Re Media Speculation

The Board of Johnston Press plc (the "Company") notes the recent media speculation relating to a potential equity fundraising.

As set out in the Company's announcement made on 27 December 2013, the Company intends to pursue a refinancing of its debt facilities in 2014.

The Board confirms that as part of a proposed refinancing of its debt facilities it is considering a range of options including a potential equity raising. The quantum of any equity fundraising has not yet been determined. There can be no certainty that a refinancing of its debt facilities will be concluded in 2014, nor that an equity fundraising will proceed.

Further announcements will be made as appropriate.

For further information please contact:

Johnston Press plc - 020 7612 2616

Ashley Highfield, Chief Executive Officer

Jane Muirhead, Group Head of PR

Buchanan

Richard Oldworth/ Sophie McNulty/ Clare Akhurst

0207 466 5000

This announcement does not constitute or form part of any offer or solicitation to purchase or subscribe for securities in the United States or any other jurisdiction. Securities may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended (the "Securities Act"), or an exemption from, or in a transaction not subject to, registration. The Company has not registered and does not intend to register any securities under the Securities Act and does not intend to offer any securities to the public in the United States.