18 May 2015

Optare plc

(AIM: OPE)

Result of General Meeting

Optare plc ("Optare" or the "Company") announces that the Resolution proposed at its General Meeting held today in connection with the proposed cancellation of the Company's ordinary shares of 0.1p each ("Ordinary Shares") to trading on AIM ("Cancellation"), was duly passed.  

Accordingly, it is expected that Cancellation will become effective at 7.00 a.m. on 2 June 2015. Shareholders should note therefore that the last day of dealings in Ordinary Shares of the Company on AIM will be 1 June 2015.

Optare will make available to Shareholders an off-market trading facility for the Ordinary Shares, which will be administered by Capita IRG, based on matching bargains, where buyers' and sellers' price expectations match. Under this third party facility, Shareholders or persons wishing to acquire or dispose of Ordinary Shares will be able to leave an indication with Capita IRG that they are prepared to buy or sell at an agreed price. In the event that Capita IRG is able to match that order with an opposite sell or buy instruction, it would contact both parties and then effect the bargain.   More details of the facility will be made available on the Company's website at www.optare.com.

For further information, please contact:

Optare plc:                      Tel: +44 (0) 8434 873 200
Abhijit Mukhopadhyay, Company Secretary

Cenkos Securities plc:   Tel: +44 (0) 20 7397 8900
Stephen Keys/Mark Connelly/Callum Davidson