Smart Metering Systems plc

("SMS" or "the Company")

Issue of Equity

Smart Metering Systems plc (AIM: SMS.L), confirms that it has issued a total of 533,997 ordinary shares of 1p each (the "New Ordinary Shares") pursuant to the exercise of employee share options under the Approved and Unapproved Company Share Option Plan. The New Ordinary Shares have been admitted to trading on AIM under the block listing facility announced on 27 May 2015.

The Company has 90,023,103 ordinary shares in issue. SMS does not currently hold any shares in treasury. Accordingly, this figure of 90,023,103 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

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