SnackTime : Update on suspension and Restoration of Trading

92891d67-0c3b-4353-b3f6-e2ada666dce6.pdf SnackTime plc ("SnackTime" or the "Company") 22 March 2016 Update on suspension and Restora5on of Trading

SnackTime no;fies that restora;on of trading in the Company's shares on AIM is expected to occur at 7.30 a.m. tomorrow, 23 March 2016.

On 16 March 2016 SnackTime published its Annual Report for the period ended 27 March 2015, which contained a qualified auditor's opinion on the financial statements. This is available on the Company's website at www.snack;me.com.

In light of the issues set out in the auditor's opinion the Company has undertaken a review of its systems and controls and has implemented an ac;on plan in order to resolve these historic issues. Much of this improvement had been progressing in parallel with the 2015 audit. Ac;ons include:

• A strengthening of the accoun;ng resource, including the recruitment of an addi;onal qualified accountant, with a focus on financial controls and suppor;ng records, and an enhanced month- end repor;ng regime;

• All London based financial accoun;ng has been moved to Blackburn, which has become SnackTime's central accoun;ng hub. The Company has established specialist treasury and revenue assurance teams in London to ensure the Company has an appropriate control and risk management environment;

  
  

• A simplifica;on of the Group legal structure, in par;cular with the aim of merging all vending division ac;vi;es into one legal en;ty with the associated benefits of simplified intercompany accoun;ng and greater financial transparency.

Enquiries:

Snack;me Tel no. 0208 879 8300

Jeremy Hamer Michael Maltby

Stockdale Securi;es Tel no. 0207 601 6100 Tom Griffiths

Richard Johnson