Exercise of Shareholder Warrants

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This announcement does not constitute a prospectus or offering memorandum or an offer in relation to any securities of First Sentinel Plc or of any other entity and should not be considered as a recommendation that any person should subscribe for or purchase any such securities.

This announcement contains inside information for the purposes of the Market Abuse Regulation (EU No. 596/2014) (“MAR”). Upon the publication of this announcement, this inside information is now considered to be in the public domain and shall therefore cease to be inside information.

First Sentinel Plc
(“First Sentinel” or the “Company”)

Exercise of Shareholder Warrants

First Sentinel Plc (“First Sentinel” or the “Company”) (NEX: FSEN) is pleased to announce that today it issued 4,000,000 shares pursuant to the exercise of shareholder warrants at 10p per share granted at the time of the Company’s IPO in April 2017 (the “Shares”) to raise £400,000 for investment and working capital purposes.

Following the issue of the Shares, the following holdings fall to be disclosed under the Financial Conduct Author- ity’s Disclosure and Transparency Rules:

Name of Shareholder

Mr Alexander Easdale

Mr James Easdale

Mr Alexander Gray

*On Demand Lawyers SA (Mr Colin Maltby)

*Mr Brian Stockbridge *Mrs Aimee Freeding *Mr Shane Perry

* Directors of the Company

Holdings Percentage of Share Capital

4,000,000 18.74% 4,000,000 18.74% 400,000 1.87% 500,000 2.34%

514,947 2.41% 514,947 2.41% 707,937 3.32%

Following the issue of the Shares, the Company will have 21,334,866 Ordinary Shares in issue, each share carry- ing the right to one vote. The Shares will rank pari passu with existing ordinary shares.

The above figure of 21,334,866 should 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 to their interest in, the share capital of the Company under the Financial Conduct Authority’s Disclosure and Transpar- ency Rules.

About First Sentinel

First Sentinel is an alternative investment company, registered with the FCA as a small authorised UK AIFM, which provides growth capital for public and private company investments. First Sentinel invests in a range of debt and equity instruments in target portfolio companies.

The Company’s website is www.first-sentinel.com

For further corporate information, please contact:

Mr. Brian Stockbridge CEO
First Sentinel Plc
Tel: + 44 (0) 7876 888 011

NEX Corporate Advisor Beaumont Cornish Limited James Biddle / Roland Cornish Tel: +44(0)20 7628 3396