St Mark Homes PLC is pleased to launch an Open Offer of up to 1,243,932 Open Offer Shares at £1.05 per share on the basis of 1 Open Offer Share for every 3 Ordinary Shares held.

The Company is seeking to raise money through the Open Offer to increase its capital base and specifically to provide capital for new projects and to assist with the ongoing expansion of the business.

The Offer Information Memorandum is being posted to shareholders today and is available for download from the company website http://www.stmarkhomes.co.uk/investors.html. Terms defined in the Open Offer Information Memorandum have the same meaning in this announcement.

The expected timetable for the offer is:

Expected timetable of principal events

Record Date for the Open Offer           Close of business on 10 October
                                         2016

Announcement of the Open Offer and       12 October 2016
posting of Information Memorandum and
Application Form

Ex-entitlement date for the Open Offer   8.00 a.m. on 12 October 2016

Open Offer Entitlements and Excess CREST As soon as possible after 8.00 a.m.
Open Offer Entitlements credited to      on 13 October 2016
stock accounts of Qualifying CREST
Shareholders in CREST

Recommended latest time for requesting   4.30 p.m. on 9 November 2016
withdrawal of Open Offer Entitlements
and Excess CREST Open Offer Entitlements
from CREST

Latest time for depositing Open Offer    3.00 p.m. on 11 November 2016
Entitlements and Excess CREST Open Offer
Entitlements into CREST

Latest time and date for splitting of    3.00 p.m. on 11 November 2016
Application Forms (to satisfy
bona fide market claims only)

Latest time and date for receipt of      11.00 a.m. on 15 November 2016
completed Application Forms, and payment
in full under the Open Offer and
settlement of relevant CREST
instructions (as appropriate)

Admission and commencement of dealings   8.00 a.m. on 21 November 2016
in Open Offer Shares

CREST members’ accounts credited in      As soon as possible after 8.00 a.m. on
respect of Open Offer Shares in          21 November 2016
uncertificated form

Dispatch of definitive share             By 30 November 2016
certificates for Open Offer Shares in
certificated form

The Directors recognise and are grateful for the continued support of Shareholders.

ENDS