Issue of Equity (4654I)

TIDMARP

RNS Number : 4654I

Ashcourt Rowan PLC

15 June 2011

For immediate release:

Ashcourt Rowan Plc

("Ashcourt Rowan", the "Company" or the "Group")

Issue of Equity

The Directors of Ashcourt Rowan Plc (the "Company") (AIM: ARP), the wealth management group, announce that the Company will be issuing 17,033,333 ordinary shares of 0.2 pence each in the Group ("Ordinary Shares") to certain staff and senior managers which have vested under the Company's Long Term Investment Plan ("LTIP").

Application has been made for the New Ordinary Shares, which will when issued rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on AIM; trading is expected to commence on 20 June 2011. Following the issue of the new Ordinary Shares as set out above, the total number of shares in issue will be 1,827,781,960. Therefore the total number of Ordinary Shares in the Company with voting rights is 1,827,781,960.

The above figure of 1,827,781,960 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculation 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 Service Authority's Disclosure and Transparency Rules.

-Ends-

Further information:

Ashcourt Rowan plc

Peter Dew (Chairman) Tel: [phone]

Cenkos Securities plc

Stephen Keys (NOMAD) /Julian Morse (Sales) Tel: [phone]

GTH Communications

Toby Hall/Christian Pickel Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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