Result of Placing

Further to the accelerated bookbuilding process announced earlier today, Malvern International plc is pleased to announce the results of the Placing. Due to demand, the size of the Placing has been increased to 15,150,000 New Ordinary Shares. The Placing was conducted at a price of 4 pence per New Ordinary Share. The Placing Price represents a discount of 11.1 per cent. to the closing price on 20 February 2019, the last trading day prior to this announcement.  

 The gross proceeds of the Placing amounting to £606,000 (before expenses) will be used to provide the Group with additional working capital, as detailed in the Company’s earlier announcement today.