MBL : Result of General Meeting & Proposed Cancellation

MBL Group plc / Epic: MUBL / Index: AIM

RNS ANNOUNCEMENT: The information communicated in this announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

For immediate release

5 September 2018

MBL Group PLC

('MBL' or the 'Company' or the 'Group')

Result of General Meeting

and

Update on the Proposed Cancellation of Admission of Ordinary Shares to trading on AIM

At the General Meeting held today, the proposed special resolution to approve the cancellation of admission of the Company's ordinary shares of 7.5p each to trading on AIM was defeated on a poll, the results of which are set out below.

Special Resolution	Votes for	%	Votes against	%	Votes total	% of issued share capital	Votes withheld
1. To approve the cancellation of admission of the Company's ordinary shares of 7.5p each to trading on AIM	42,246	0.4	11,147,475	99.6	11,189,721	64.7	335,526

As shareholders decided not to approve the cancellation resolution the Company's ordinary shares will remain admitted to trading on AIM.

As previously announced, following the appointment of administrators to Windsong International Limited on 15 June 2018, MBL became a Rule 15 Cash Shell under Rule 15 of the AIM Rules for Companies from that date. Within six months of becoming an AIM Rule 15 cash shell, the Company must make an acquisition or acquisitions which constitute(s) a reverse takeover under Rule 14 of the AIM Rules for Companies. In the event that the Company does not complete a reverse takeover under AIM Rule 14 within six months of becoming a cash shell, the Exchange will suspend trading in the Company's ordinary shares pursuant to AIM Rule 40 on 17 December 2018.

The Board intends to engage with its shareholders regarding the future direction of the Company and make further announcements as appropriate.

MBL's final results, for the year ended 31 March 2018, will be published before the end of this month.

For further information visitwww.mblgroup.co.uk

Contact:

Anton Lane James Reynolds	MBL Group plc	01772 440440
Mark Brady	SPARK Advisory Partners Limited (Nominated Adviser)	0113 370 8970