For immediate release                                                                                                                                12 June 2017

Arden Partners plc

("Arden" or the "Company") 

Result of the Placing and Related Party Transaction

Result of the Placing

As a result of the accelerated bookbuilding process announced earlier today, Arden is pleased to announce that it has conditionally raised gross proceeds of £5.1 million through the successful placing (the "Placing") with institutional and other investors of 12,750,000 new Ordinary Shares (the "Placing Shares") at a price of 40 pence per Placing Share (the "Placing Price"). The Placing Price represents a premium of approximately 1.3 per cent. to the Closing Price of 39.5 pence on 9 June 2017 (the latest practicable date prior to the Placing). The Placing Shares will represent approximately 39.6 per cent. of the Enlarged Issued Share Capital on Admission, assuming no other issuance of new Ordinary Shares prior to Admission.

Completion of the Placing is subject, inter alia, to Shareholder approval, which will be sought at the General Meeting to be held at 125 Old Broad Street, London EC2N 1AR at 10.00 a.m. on 29 June 2017. A circular containing further details of the Placing and including the Notice of General Meeting (the "Circular") is expected to be posted to Shareholders later today and will thereafter be available on the Company's website at www.arden-partners.com.

It is intended that the net proceeds of the Placing will used to further strengthen the Arden balance sheet.

Each of the times and dates above refer to London time and are subject to change by the Company. Any such change will be notified to Shareholders by an announcement on a Regulatory Information Service.

Related Party Transaction

Luke Johnson, James Reed-Daunter, Donald Brown and Stephen Wassell, all of whom are Directors, have conditionally subscribed for Placing Shares in the Placing as follows:

* assuming no other issuance of new Ordinary Shares prior to Admission

The participation of the above mentioned Directors and Director in the Placing (the "Directors' Participation") constitutes a related party transaction for the purpose of the AIM Rules.

Jonathan Keeling, and Mark Ansell, being the Independent Directors consider, having consulted with GCA Altium, the Company's nominated adviser, that the Directors' Participation is fair and reasonable in so far as Shareholders are concerned.

Arden's Chief Executive Officer, Donald Brown, commented: 

"We are delighted with the results of the oversubscribed placing and the quality of the institutional names that are coming onto Arden's shareholder list. We look to the future with enthusiasm."

Capitalised terms used but not defined in this Announcement shall have the meanings given to such terms in the Circular.

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

For further information please contact: