Armour : 08 February 2016 Update on Potential Transaction

[DATE 2014] Armour Group plc ("Armour" or "the Company") Update on Potential Transaction

Further to the announcement of 12 November 2015, Armour is in advanced preparations to acquire a growing software business focused on mobile point of sale to large retailers.

The proposed transaction, which would constitute a reverse takeover pursuant to Rule 14 of the AIM Rules for Companies ("AIM Rules"), is conditional on completing outstanding due diligence and shareholder approval.

Armour expects to announce the proposed transaction and post a circular to shareholders, comprising an Admission Document, by the end of February 2016. It is expected that suspension of trading in the Company's shares will be lifted on completion of the transaction.

While the Armour directors are hopeful that a transaction will be completed as outlined above there can be no guarantee this will be the case. If this transaction does not proceed, the Company's listing on AIM will be cancelled in accordance with Rule 41 of the AIM Rules.

Further Details:

Armour Group plc Mark Wilson, Finance Director finnCap Limited Geoff Nash Grant Bergman

Stephen Norcross (Broking)

Tel: [phone]

Tel: [phone]