Milestone Group PLC : Correction: Issue of Equity

MILESTONE GROUP PLC ("Milestone" or the "Company")

Correcting Announcement

The announcement released earlier this morning at 9:31am contained an error. The exercise price of the warrants granted is 0.5p per share, not 0.05p per share as previously stated.

Additionally, for clarification purposes, the price of the new ordinary shares to be issued in the subscription is 0.2p per share, and the warrants will be issued to the subscribers conditional on admission to AIM.

The text of the corrected announcement is set out below.

Issue of Equity and Warrants

Milestone (AIM: MSG), the AIM and Social Stock Exchange quoted provider of digital media, technology and social impact solution, announces that it has agreed to issue 117,500,000 new ordinary shares of 0.1p per share in the Company, subject to Admission to AIM, raising £235,000 at a price of 0.2p per share.

The Company also announces that it will issue 117,500,000 warrants to certain individuals entitling the holders to subscribe for new ordinary shares - with an exercise price of 0.5p which may be exercised up until 27^th April 2019.

The 117,500,000 new ordinary shares will rank pari passu with the existing ordinary shares of Milestone.

Application will be made for the 117,500,000 ordinary shares to be admitted to trading on AIM, which is expected to occur on or around 5 May 2017.

Following the issue, Milestone will have in issue 1,229,641,411 ordinary shares with voting rights.  The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information: