Gloo : Posting of Circular and Resignation of Directors

Gloo Networks plc

11 May 2018

Posting of Circular and Resignation of Directors

Further to its announcement on 3 May 2018, Gloo Networks plc ('Gloo' or the 'Company') announces that it has today published an explanatory circular providing further information on the its proposed Return of Capital and Delisting, which contains a notice of a general meeting of the Company and encloses a form of proxy. These documents can be found at the Company's website at www.gloonetworks.com and are being posted to Shareholders today. The General Meeting is to be held at the offices of Travers Smith LLP, 10 Snow Hill, London EC1A 2AL at 10.00 a.m. on 4 June 2018.

Gloo further announces that it has accepted notice of the resignations of each of its Directors, such resignations to take effect from and conditional upon the passing of the Resolution to appoint a liquidator.

The expected timetable for the proposed Delisting is as follows:

Announcement of proposed Delisting and Return of Capital	3 May 2018
Publication of the Circular	11 May 2018
Latest time and date for receipt of Forms of Proxy and CREST Proxy Instructions for the General Meeting	10.00 a.m. on 31 May 2018
Record time for those Shareholders on the Register of Members entitled to attend or vote at the General Meeting	6.00 p.m. on 31 May 2018
Latest time and date for dealings in Ordinary Shares prior to suspension	4.35 p.m. on 1 June 2018
General Meeting	10.00 a.m. on 4 June 2018
Cancellation of admission to trading on AIM (2)	7.00 a.m. on 5 June 2018

Notes:

(1) All references are to London times. The dates and times given are indicative only and are based on the Company's current expectations and may be subject to change. If any of the times and/or dates above change, the revised times and/or dates will be notified to Shareholders by announcement through a regulatory information service.

(2) Conditional on the passing of Resolution 1 at the General Meeting.

All defined terms in this announcement have the same meaning as those in the Circular unless otherwise stated.

Enquiries:

Gloo Networks plc
Rebecca Miskin, Chief Executive Officer (through Teneo Blue Rubicon)

Teneo Blue Rubicon (Financial communications adviser)
Tel: [phone]
Paul Durman/Shona Buchanan

Liberum Capital Limited (Nominated Adviser and Joint Broker)
Tel: [phone]
Neil Elliot/Chris Clarke

Numis Securities Limited (Joint Broker)

Tel: [phone]

Nick Westlake/Michael Wharton

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

Rebecca Miskin is Chief Executive Officer of Gloo Networks plc, which has its offices at 20 Buckingham Street, London WC2N 6EF and has the LEI 21380078XGCMNMEIU311.