Update on suspension and Restoration of trading

SnackTime plc ("SnackTime" or the "Company")

22 March 2016

Update on suspension and Restoration of Trading

SnackTime notifies that restoration of trading in the Company's shares on AIM is expected to occur at 7.30 a.m. tomorrow, 23 March 2016.

On 16 March 2016 SnackTime published its Annual Report for the period ended 27 March 2015, which contained a qualified auditor's opinion on the financial statements. This is available on the Company's website at www.snacktime.com.

In light of the issues set out in the auditor's opinion the Company has undertaken a review of its systems and controls and has implemented an action plan in order to resolve these historic issues. Much of this improvement had been progressing in parallel with the 2015 audit. Actions include:

- A strengthening of the accounting resource, including the recruitment of an additional qualified accountant, with a focus on financial controls and supporting records, and an enhanced month-end reporting regime;

- All London based financial accounting has been moved to Blackburn, which has become SnackTime's central accounting hub. The Company has established specialist treasury and revenue assurance teams in London to ensure the Company has an appropriate control and risk management environment;

- A simplification of the Group legal structure, in particular with the aim of merging all vending division activities into one legal entity with the associated benefits of simplified intercompany accounting and greater financial transparency.

Enquiries:

Snacktime Tel no. 0208 879 8300

Jeremy Hamer

Michael Maltby

Stockdale Securities Tel no. 0207 601 6100

Tom Griffiths

Richard Johnson