Thursday, 8th May 2014

On 11 April 2014, Norish plc announced details of a proposed Placing and Open Offer to raise gross proceeds of £2.2 million in aggregate through the issue of up to 6,301,697 New Ordinary Shares at a price of 35p per New Ordinary Share, made up of 5,714,286 New Ordinary Shares conditionally placed through the Placing and up to 587,411 New Ordinary Shares to be issued through the Open Offer.

This Placing and Open Offer were conditional inter alia on contracts being executed and exchanged in relation to the purchase of the freehold to its Birmingham Cold Storage site for £2.25 million and on the passing of resolutions at an Extraordinary General Meeting ("EGM") held earlier today. Norish is pleased to announce that those contracts have now been signed and those resolutions (as set out in the Circular to shareholders dated 14 April 2014) were duly passed at the EGM and accordingly the Placing and Open Offer is unconditional.

The Open Offer closed for acceptances at 1 p.m. on 6 May 2014 and the Company announces that it has received valid acceptances under the Open Offer, including excess applications, in respect of 231,287 Open Offer Shares from Qualifying Shareholders. This represents approximately 39.4 per cent of the Open Offer Shares offered pursuant to the Open Offer. All valid applications under the Open Offer in excess of the Basic Entitlement will accordingly be satisfied in full.

Norish is also pleased to announce that at its Annual General Meeting held earlier today, all of the resolutions as set out in the notice of that meeting, dated 14 April 2014 were duly passed. The Company has therefore raised aggregated gross proceeds of approximately £2.08 million through the Placing and Open Offer.

Application has been made to AIM, a market of the London Stock Exchange plc, for the admission of the 5,945,573 New Ordinary Shares. It is expected that Admission will become effective at 8:00 a.m. on 8 May 2014. Following Admission, the Company will have 17,106,376 Ordinary Shares in issue.

The New Ordinary Shares, when issued and fully paid will rank equally in all respects with the Existing Ordinary Shares, including the right to receive all dividends or other distributions made, declared after the date of admission of the New Ordinary Shares.

Defined terms used in this announcement shall have the same meaning as those terms defined and used in the Circular of the Company dated 14 April 2014.

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