Statement regarding press speculation

Chesnara plc

(the "Company")

22 November 2016

Statement regarding press speculation

Chesnara plc notes recent press speculation and can confirm that discussions are underway with a third party that may or may not lead to an acquisition by the Company. A further statement will be issued, as and if appropriate, in due course.

John Deane, Chief Executive, Chesnara plc - 01772 972079

Roddy Watt, FWD Consulting - 0207 280 0651 / 07714 770493

Notes to Editors

This announcement contains "inside information".

Www. Chesnara.co.uk