MEARS GROUP PLC

Net Asset Value • Apr 24, 2013

National Storage Mechanism | Additional information

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RNS Number : 1043D

Mears Group PLC

24 April 2013

Mears Group PLC

("Mears" or the "Company")

Placing of Ordinary Shares

On 8 November 2012, Mears announced the acquisition of Morrison Facilities Services Limited ("Morrison"). Part of the consideration for Morrison was the issue of 2,833,489 ordinary shares of 1 penny each in the Company to Anglian Water Group Limited ("AWG"), which were subject to a lock-in for 12 months.

Due to strong institutional demand, Mears has today released AWG from this lock-in and Investec Bank plc and Canaccord Genuity Limited, on behalf of AWG, have placed the full 2,833,489 ordinary shares. Following this transaction, AWG no longer has any holding in Mears.

Enquiries:

Mears
David Miles, Chief Executive Andrew Smith, Finance Director Bob Holt, Chairman	Tel: +44(0)7778 220 185 Tel: +44(0)7712 866 461 Tel: +44(0)7778 798 816
Joint Broker - Investec Keith Anderson/Daniel Adams	Tel: +44(0)20 7597 5970
Joint Broker - Canaccord Genuity Piers Coombs/Lucy Tilley	Tel: +44(0)20 7523 8350
Gable Communications              John Bick/Justine James           mears@gablecommunications.com	Tel: +44(0)20 7193 7463 Tel: +44(0)7872 061 007

This information is provided by RNS

The company news service from the London Stock Exchange

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