8 June 2017

Polemos plc

("Polemos" or the "Company")

Holding(s) in Company

The Board of Polemos announces that the Company has received the following TR-1 notification which is set out below.

For further information, please contact:

Polemos plc

Hamish Harris

+44 (0)20 7440 0640

Beaumont Cornish Limited (Nominated Adviser and Broker)

James Biddle

Michael Cornish

+44 (0)20 7628 3396

Peterhouse Corporate Finance (Joint Broker)

Lucy Williams

+44 (0)20 7469 0930




TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESⁱ

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ⁱⁱ		Polemos PLC (PLMO)
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights			X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: ⁱⁱⁱ	Pelamis Investments Limited
4. Full name of shareholder(s) (if different from 3.):^iv	Mr. David Christian Steinepreis
5. Date of the transaction and date on which the threshold is crossed or reached: ^v	7 June 2017
6. Date on which issuer notified:	8 June 2017
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	2.55%

8. Notified details:

A: Voting rights attached to shares ^{viii, ix}

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights ^x

Direct

Direct ^xi

Indirect ^xii

Direct

Indirect

170,000,500

75,000,000

2.55%

GB0032654641

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date ^xiii

Exercise/
Conversion Period ^xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments ^{xv, xvi}

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date ^xvii

Exercise/
Conversion period ^xviii

Number of voting rights instrument refers to

% of voting rights ^{xix, xx}

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

75,000,000

2.55%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: ^xxi
Pelamis Investments Limited hold 75,000,000 shares in Polemos Plc Mr. David Christian Steinepreis disposed of 95,000,500 shares in Polemos Plc in his own name as of yesterday 7^th June 2017, he is a director of Pelamis Investments Limited

Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:
14. Contact name:	Linda Dowding
15. Contact telephone number:	01481 720581