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Torotrak plc

("Torotrak" or the "Company")

Update on financial position

Torotrak plc, a developer and supplier of emissions reduction and fuel efficiency technology for vehicles, provides an update on its financial position. As announced on 28 November 2017, the Board has been trying to secure a refinancing of the Company to address its financial difficulties. Unfortunately, this has not proved possible. The Board is evaluating its remaining options. These include either trying to rapidly realise value from its assets by concluding sales of its technology, intellectual property and other assets to interested parties, including the potential sale of Flybrid Automotive Limited or appointing administrators.

The Company will make further announcements in due course.