Statement re Share Price Movement

26 July 2018

JOHNSTON PRESS PLC

Statement re Share Price Movement and Press Commentary

The Board of Directors of Johnston Press plc ("Johnston Press" or the "Company") notes the rise in the Company's share price today and confirms that it knows of no operational or corporate or other reason for the price movement.

The Company continues to explore a number of strategic options for the restructuring or refinancing of its bonds and confirms that no agreement on these potential options has been reached. The Company received a letter from Custos Group AS on Friday 20 July, and notes the press commentary on this over recent days. The Company confirms that it is not in receipt of any plan or proposal from any party for a refinancing or restructuring of its debt. Further announcements will be made as appropriate. As stated previously, any proposal that results from these discussions will remain subject to negotiation and consent of relevant stakeholders, and there can be no certainty that a formal proposal will be forthcoming.

For further information please contact:

Powerscourt

Peter Ogden

020 7250 1446 

Forward-looking statements

The announcement contains forward looking statements. Although the Group believes that the expectation reflected in these forward- looking statements are reasonable, it can give no assurance that the expectations will prove to have been correct. Due to the inherent uncertainties, including both economic and business risk factors underlying such forward looking information, actual results may differ materially from those expressed or implied by these forward looking statements. The Group undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.

Legal Entity Identifier: 213800JFIBCR4LGUA242