Rasmala plc

('Rasmala' or 'the Company')

Further acquisition of interest in Rasmala Holdings Limited

Rasmala is pleased to announce that it has agreed to acquire a further interest in the capital of its subsidiary Rasmala Holdings Limited ("RHL") from minority shareholders. As a result of these acquisitions Rasmala's total shareholding in RHL will increase from approximately 76.3% to approximately 90%.

Total consideration for the 28,943,956 ordinary shares in RHL being acquired is approximately US $6 million.

During the financial year ending on 31 December 2015, RHL generated profits before tax from continuing operations of US$2.6 million.

Zak Hydari, Chief Executive Officer of Rasmala, commented: "We are delighted to have been able to increase our interest in RHL. It was always our objective to own 100% of RHL and this further acquisition will help us towards that target".

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