Trading update

For Immediate Release 25 November 2015

Plant Impact plc

("Plant Impact" or the "Company" and,

together with its subsidiaries, the "Group")

Trading update

Strong start to FY16 trading

Plant Impact plc (AIM: PIM) leads R&D in crop enhancement technology to create products that growers can rely on to increase the yield and quality of their crops. Today the Group announces a trading update for the three month period ended 31 October 2015.

Q1 FY16

The Directors are pleased to report that the Group has made a strong start to FY16. Revenue for Q1 grew to £3.7m (2014: £1.9m) and the Group continued to trade profitably.

Sales of the soy crop enhancement product, Veritas®, accounted for the majority of Q1 sales as the Group invoiced product to South America in advance of the 2015/16 growing season. In this 2015/16 growing season the Group will make a significant investment to support Veritas®, expanding its field tech team of agronomists in the Cerrado and Southern growing regions. In addition, a significant promotional campaign took roadshow events to 24 locations in Brazilian soy growing regions, reaching over 2000 growers.

FY16 outlook

Plant Impact made good progress during the period and is on track to deliver its objectives for the year. Soybean prices in Brazil are under pressure and the Brazilian Real is weak but continued strong performance is expected in the mid term. This confidence is due in part to the Veritas® Q1 promotional campaign and its positive grower response.

In Northern Europe, the Group is advancing discussions with distributors and expects to see results during the northern hemisphere spring season. The Group is also preparing to export initial shipments of Banzai®, Plant Impact's cocoa crop enhancement product, to West Africa in Q2.

Balanced investment in R&D is expected to advance a pipeline of new crop enhancement products in the coming year as new team members settle in and trials continue to produce encouraging results. The group has also begun evaluating the efficacy of its technologies for soy in Argentina and Paraguay.

John Brubaker, CEO of Plant Impact, commented: "Q1 of FY16 has been promising for the Group and I am pleased to announce this trading performance. A larger team is giving us a new depth of industry experience that is already making a positive impact on both our R&D and commercial capabilities. We are progressing in line with our planned strategy and are confident that this trend will continue."

Note: timetable for future financial reporting

The Group intends to simplify its financial reporting in the future by issuing announcements of half yearly and preliminary results in March and October respectively, together with two trading updates in June and December.

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