2 August 2017

Uvenco UK plc

Grant of Options

Uvenco UK plc ("Uvenco", the "Company" or the "Group") announcesthat on 2 August 2017 an aggregate of 5 million options over new ordinary shares of 2p each in the Company, at an exercise price of 12 pence per share("Options"), were granted as set out below.

Sergei Kornienko, Chief Executive, has been granted 3 million Options which will be exercisable between the third and tenth year of grant and will vest as to 1 million immediately; a further 1 million if the Company's audited EBITDA for the year ended 31 December 2017 exceeds £500k; and the remaining 1 million if the Company's audited EBITDA for the year ended 31 December 2018 exceeds £600k.

In addition, each of Peter Goodman (PDMR, Chief Financial Officer) and Steve Cunliffe (Operations Manager) have been granted 1 million Options which will be exercisable between the third and tenth year of grant and will vest as to 0.5 million each if the Company's audited EBITDA for the year ended 31 December 2017 exceeds £500k; and the remaining 0.5 million each if the Company's audited EBITDA for the year ended 31 December 2018 exceeds £600k.

Enquiries

Uvenco UK plc Tel: 020 8879 8300

Sergei Kornienko, CEO

Peter Goodman, CFO

Stockdale Securities Tel: 020 7601 6100

Tom Griffiths / Richard Johnson

Uvenco UK plc published this content on 02 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 August 2017 13:06:18 UTC.

Original documenthttp://uvenco.co.uk/images/documents/ir/rns/2016_2017/august/draft Options 282Aug29.docx

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