10 January 2012

Scotty Group plc

Proposed change of domicile from the UK to Austria - update

Further to the announcement on 30 December 2011 that the resolution to approve SCOTTY's proposed change of domicile from the UK to Austria and other related matters was duly passed at the EGM, the Board announces that the change may be subject to delay whilst legal and regulatory processes and issues are resolved.

The transfer date was anticipated as early February 2012 in the shareholder circular dated 7 December 2011. The Board will use its best efforts to avoid any significant delay to this timetable so far as legal and regulatory processes are within its control.

Shareholders will be updated as soon as possible.

Enquiries:

SCOTTY Group SE

Kurt Kerschat, CEO

+43 316 409 426

Nominated Adviser

Cairn Financial Advisers LLP

Tony Rawlinson / Avi Robinson

+44 20 7148 7900

Broker

Northland Capital Partners Limited

Katie Shelton

+44 20 7796 8800

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