Statement re Press Speculation

27 July 2016

Cenkos Securities plc

("Cenkos" or the "Company")

FCA investigation

The Company notes the recent press speculation that it is subject to an investigation by the Financial Conduct Authority ("FCA") into its work advising Quindell plc (now known as Watchstone Group plc) on its planned move to the main market of the LSE in 2014. The Company can confirm that there is an FCA investigation in progress but no further details can be provided until the FCA have concluded their investigation.

Enquiries:

Jim Durkin +44 20 7397 8900

Chief Executive Officer

Cenkos Securities plc

Dr Azhic Basirov / David Jones / Ben Jeynes +44 20 7131 4000

Nominated Adviser

Smith & Williamson Corporate Finance Limited

David Rydell / Duncan Mayall / James Newman +44 20 7861 3800

Bell Pottinger