Proposed Capital Raising – Koovs

Peel Hunt is acting as NOMAD, sole Corporate Broker and sole Book runner to Koovs plc in connection with a Placing of 3,000,000 new Ordinary shares with an existing institutional investor which is part of a wider capital raise of 17,800,000 new Ordinary shares (all issued at 25 pence per New ordinary share), as announced 11 January, 2016.