For immediate release 16 January 2017 EVR Holdings plc

('EVR' or the 'Company')

Exercise of Warrants and Issue of Shares

EVR Holdings plc (AIM: EVRH), one of the leading creators of virtual reality content, announces that it has allotted and issued 1,206,034 ordinary shares of 1 penny each in the capital of the Company at a price of 1.4 pence per share and 4,052,912 ordinary shares of 1 penny each in the capital of the Company at a price of 1.85 pence per share following the exercise of warrants. The gross proceeds of exercise amounted in aggregate to £91,863.35, which provides additional working capital for the Company.

Following the warrant exercise, the number of warrants outstanding is as follows:

Number

Exercise Price

Expiry Date

20,721,264

1.4p

31 July 2018

59,777,856

1.1p

16 May 2019

26,220,150

1.85p

16 October 2019

9,230,180

1.2p

31 July 2020

The Company has made application for the 5,258,946 new ordinary shares of 1 penny each to be admitted to trading on AIM. Admission is expected to occur on or about 18 January 2017. The 5,258,946 new ordinary shares rank pari passu with the existing ordinary shares.

For the purpose of the Disclosure and Transparency Rules, following the admission of 5,258,946 new ordinary shares on or about 18 January 2017, the Company's total issued ordinary share capital will consist of 951,220,220 ordinary shares of 1 penny each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

- Ends - For further information: EVR Holdings plc

Sean Nicolson, Chairman Tel: +44 (0) 20 7466 5000 Anthony Matchett, Chief Executive Officer www.evrholdings.com

SPARK Advisory Partners Limited (Nominated Adviser)

Neil Baldwin / Sean Wyndham-Quin Tel: +44 (0) 203 368 3550 www.sparkadvisorypartners.com

Peterhouse Corporate Finance Limited (Broker) Tel: +44 (0) 20 7469 0930 Eran Zucker / Lucy Williams www.pcorpfin.com Media enquiries: Buchanan

Ben Romney / Jamie Hooper

Stephanie Watson / Catriona Flint

Tel: +44 (0) 20 7466 5000

EVR@buchanan.uk.com www.buchanan.uk.com

Notes to Editors:

MelodyVR

MelodyVR is a wholly owned subsidiary of EVR Holdings plc ('EVR'), a company that is listed on the AIM market of the London Stock Exchange under the ticker EVRH.L. EVR, a creator of virtual reality content, joined AIM on 16 May 2016 following a reverse takeover of Armstrong Ventures plc. Further information can be viewed at www.evrholdings.com

Virtual Reality in 2017

The virtual reality industry is growing at a significant rate following the launches of Oculus Rift, Playstation VR and HTC Vive. Goldman Sachs estimate that the market could be worth US$80bn by 2025.

EVR Holdings plc published this content on 16 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 January 2017 17:10:08 UTC.

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