Trading Update

13 February 2017

Uvenco UK plc (the "Company" or the "Group")

Trading Update

The Company is pleased to provide a trading update, based on the Group's unaudited management accounts for the nine month period ended 31 December 2016, following the change in year end from 31 March to 31 December. All of the figures included in this announcement are subject to audit.

· Consolidated revenues for the nine months to 31 December 2016 of £10.3 million reflecting the seasonality profile of the period, which excludes January to March, typically higher revenue months;

· Following the turnaround progress reported in our interim results last November, the Company expects to be positive at an operating profit before depreciation and amortization, exceptional items and interest ("EBITDA") level for the period. EBITDA is expected to be in line with management expectations. Similarly Net income and earnings per share are positive and in line with management expectations;

· Secured borrowings decreased by 52% from £2.5 million at 31 March 2016 to £1.2 million at 31 December 2016, reflecting the continuing deleveraging of the balance sheet and, in particular, the impact of the refinancing in August 2016. Following the period end, the Company announced a £410,000 loan agreement with Uvenco Group in Russia.

At the end of January the Company completed the sale of the premises at Corby. This realised £328,000 of which £240,000 has been used to reduce the borrowings, resulting in secured borrowings of £1.0 million and net debt of £1.2 million at 31 January 2017. Management has also engaged agents to market the Drinkmaster property at Liskeard on a sale and leaseback basis. The property will be marketed at c. £625,000 and the proceeds will be used to further reduce Group debt.

Management is exploring refinancing alternatives to reduce the interest cost and will update the market in due course.

For further information:

Uvenco UK plc 0208 879 8300

Sergei Kornienko, Chief Executive Officer

Peter Goodman, CFO and Company Secretary

Stockdale Securities Limited 0207 601 6100

Tom Griffiths

Richard Johnson

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No 596/2014.