Trading Update

Conviviality Retail Plc

("Conviviality" or "the Company")

Trading Update

Conviviality Retail Plc (AIM: CVR), the UK's largest franchised off-licence chain, which listed on AIM on 31 July 2013, is pleased to provide an update on trading for the 26 weeks ended 26 October 2014 and plans to expand into Scotland.

Conviviality continues to perform in line with market expectations to 26 April 2015 and will announce its results for the 26 weeks ended 26 October 2014 on 19 January 2015.

For the 26 weeks ended 26 October 2014, unaudited revenues were broadly in line with last year at £183 million with like for like store revenue 1.7% below last year.

We are confident that we have the strategy in place to deliver a positive second half and profitability will remain in line with our plan. We continue to focus on improving the quality of our store estate, investing in new fascias for all stores, as well as developing click and collect and our new mobile app.

Wine Rack continues to trade in line with our expectations and we have commenced franchising these stores and our other corporate owned stores in line with our strategy. Nine stores have already been franchised and there is significant interest for the remaining stores.

We have opened our first trial large format BB's Warehouse in Wakefield which is trading in line with expectations and a second store will be opened later this year.

Scotland

In line with our strategy to expand geographically, we plan to launch Bargain Booze in Scotland with Scottish Midland Co-operative Society Group ("Scotmid") as our exclusive Scottish Franchisee. A trial will be completed by June 2015 and, if it proves successful for both parties, Bargain Booze franchise stores will be rolled out across Scotland. The combination of Scotmid's excellence in retail management, property and local distribution with Bargain Booze's unique brand and trading expertise will create a compelling customer proposition.

Diana Hunter, CEO commented:

"We continue to maintain focus on our plans and our offer remains as competitive as before. With the continued drive to re-fascia our stores, and the development of both the click and collect proposition and our mobile App, we have strong plans to deliver profitable growth for our Franchisees and the Company.

We are very excited to be working with Scotmid to bring Bargain Booze to Scottish consumers. If successful, this trial has the potential to open up a new long term growth opportunity."

12 November 2014