Warrant Issue

Johnston Press plc

Johnston Press today confirms that, as previously announced at the time of the agreement with its lenders of its successful refinancing on 25 April 2012, it has issued 31,756,696 warrants (representing 5% of its current issued share capital). Each warrant comprises the right, but not the obligation, to subscribe for one ordinary share in the capital of the Company at the nominal value of 10p and is subject to the detailed conditions set out in the Warrant Instrument creating them.

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