EMMIT PLC - Update on Investing Policy & Potential Acquisition Talks

                                                                7 November 2014

                                   Emmit Plc

                          ("Emmit" or the "Company")

          Update on Investing Policy and Potential Acquisition Talks

Further to the announcement on 5 November, the Company announces an update on
its investing policy and the two investments made earlier this year.

On 14 November 2013, the Company's shareholders voted to adopt an investing
policy focusing on investments in the environment, leisure and technology
sectors, using the Company's equity as consideration. On 11 March 2014, Emmit
announced that it had acquired a 20 per cent. holding in Ximax Environmental
Solutions Plc ("XES"), a niche water treatment company, for £30,000, satisfied
through the issue of 500,000 new Emmit shares and the issue of 4,500,000
warrants at 6p per share. Then, on 25 March 2014, Emmit announced that it had
acquired 25 per cent. of Ximax Oil & Gas Solutions ("XOG"), a company which has
developed water treatment applications aimed at the Oil and Gas industry, which
is an associate company to XES, for £90,000, satisfied through the issue of
1,800,000 warrants at 6p per share.

Information on XES and XOG

The following information on the performances of both businesses was previously
provided to investors in announcements on 26 August 2014 and 30 September 2014.
Further information can also be found on www.ximaxes.com.

Formed in 2009, XES has developed a proprietary high purity chlorine dioxide
solution, XzioX, an environmentally friendly and trade-marked, cost effective
biocide and disinfection product. XzioX is currently used by 200 agricultural
clients in the UK and Ireland, of which 50 have been secured in XES's current
financial year. Overseas, XES secured an order for £100,000 from a Dubai
governmental body in April of this year and continues to engage in discussions
in the United Arab Emirates ("UAE") regarding the supply of XzioX for the
treatment of water in parks and fountains throughout the region. Turnover for
XES for the year to February 2014 was £2,080,927 (2013: £11,583,414). The drop
was due to the inclusion in the previous year of specialist equipment for the
oil and gas trials, which were successfully completed earlier this year.
Pre-tax profit for the period was £373,667 (2013: £589,484). Turnover for the
six months to September 2014 was £814,797, with profit of £397,415.

Alongside the growth in XES's domestic operations, which is expected to provide
a boost to XES's turnover and profits in the year to February 2015, the Board
of Emmit has been particularly encouraged by the positive progress made with
potential clients in the UAE. XES has recently completed successful field
trials with a major potential customer and, with other smaller customers
currently being converted into orders, the Board remains confident in the
potential for the opportunities in the UAE to drive a step change in the
company's fortunes.

XOG was formed in January 2011, to further develop and enhance Xziox for
specialist water treatment applications in the Oil and Gas industry, under the
registered brand name of FlowXcel. In August 2014, following successful field
trials earlier this year, XOG, through its US distributor, American Flo Excel,
LLC, signed a 10 year agreement with ROLCO Energy Services
(www.rolcoenergyservices.com) to supply Ximax's FlowXcel product for water
treatment in the US unconventional oil and gas industry (the "ROLCO contract").
A third order for £100,000 has recently been received, bringing the turnover
under the ROLCO contract to £300,000 in the last 6 weeks. With the expectation
of regular orders to follow in the future, the Board believes that XOG has
strong growth prospects and will be a major driver of value for Emmit.

Financial Information on Emmit

On 30 September 2014, the Company released its interims results to 30 June
2013. These showed a balance sheet with negative equity of £154,000. However,
since the end of the interim period, as announced on 26 August 2014, all the
outstanding convertible loan notes have been converted into ordinary equity, 1
million warrants have been exercised and a further £70,000 of new capital has
been raised. As well as strengthening the balance sheet, the impact of this has
been to clear nearly all of Emmit's financial liabilities and provide the
Company with sufficient working capital whilst it looks to either complete its
investing policy or carry out a reverse transaction.

Potential Acquisition and Suspension under Rule 14 of the AIM Rules

The Company is currently in discussions with the shareholders of XES and XOG
(together "Ximax") regarding the potential acquisition of the shares in Ximax
not currently owned by Emmit. The exact terms of such an acquisition are still
being finalised as it may involve a re-organisation of Ximax prior to any
purchase by Emmit. These discussions, if successfully concluded, would result
in a reverse takeover of Emmit under Rule 14 of the AIM Rules for Companies
("AIM Rules").

Noting the potential reverse takeover referred to above, trading on AIM in the
Company's shares is now subject to suspension pursuant to Rule 14 of the AIM
Rules. Accordingly, trading on AIM in the Company's shares will now remain
suspended until such time as either an admission document has been published in
respect of an acquisition of Ximax or, if such does not proceed, the Company
fulfils its investing policy. If neither occurs in six months from today then
admission of the Company's shares to trading on AIM will be cancelled.

The Board recognises that some shareholders may be frustrated by the recent
suspension and there no being no restoration of trading prior to the potential
acquisition of Ximax. However, the Board believes that the acquisition of
Ximax, if successfully concluded, would be in the best interests of the Company
and its shareholders as a whole. The recent FCA notice has not been helpful to
these conversations and the Board believes that it is in the Company's best
interests now to proceed as quickly as possible with the acquisition of Ximax.

Further announcements will be made in due course.

For further information please contact:

Emmit plc                    Dean Cook                        01473 604504
Managing Director

Daniel Stewart & Company Plc Antony Legge / Paul Shackleton   020 7776 6550
Nominated Adviser

Alexander David Securities Ltd   David Scott                  020 7448 9820
Broker

www.emmitplc.com

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