Gloo : Interim report for the six months ended 30 September 2017

Gloo Networks plc ("Gloo" or the "Company")

Interim report for the six months ended 30 September 2017

London, 13 December 2017 - Gloo Networks plc announces its interim results for the six months ended 30 September 2017.

Over the period, Gloo Networks generated a loss after taxation of £1.8 million, reflecting operating expenses and diligence costs incurred in the continued pursuit of its stated investment strategy. At 30 September 2017, Gloo Networks held over £21.3 million in cash.

Rebecca Miskin, Gloo's Chief Executive Officer commented: "We have made good progress over recent months with a shortlist of acquisition opportunities in highly attractive verticals, and look forward to discussing with shareholders at the appropriate time."

As we advance discussions with potential targets, our requirements for corporate finance advice and administrative support have increased. Accordingly, it was decided to increase the monthly fees paid to Marwyn Capital LLP ("Marwyn") to £50,000 with effect from 1 November 2017, while reducing the notice period from 12 months to 6 months. The managing partners of Marwyn are Mark Brangstrup Watts and James Corsellis, who are both directors of the Company.

Enquiries:

Liberum Capital Limited (Nominated Adviser and Joint Broker)

Tel: [phone]

Neil Elliot

Chris Clarke

Jonathan Wilkes-Green

Numis Securities Limited (Joint Broker)

Tel: [phone]

Nick Westlake

Teneo Blue Rubicon (PR Adviser)

Tel: [phone]

Chloe Francklin

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

Rebecca Miskin is Chief Executive Officer of Gloo Networks, which has its offices at 20 Buckingham Street, London WC2N 6EF.