Update re Issue of Equity

YOLO Leisure and Technology plc

(“YOLO” or the “Company”)

Update re Issue of Equity

Further to the announcement released on 20 January 2016, the Company announces that the 6,666,667 Placing Shares referred to in the announcement as being settled on a deferred basis have now been issued, and admission on AIM of these shares  is expected to occur on or around 10 February 2016.  The new ordinary shares will rank pari passu with the existing ordinary shares.

Following the admission of these shares to AIM, the total issued share capital of the Company will be 178,922,758 ordinary shares, each with voting rights.  The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

--ENDS-

For further information please contact:

YOLO Leisure and Technology plc
Simon Lee Robinson	[e-mail]
Cairn Financial Advisers LLP
Sandy Jamieson, Emma Earl	Tel: [phone]
Peterhouse Corporate Finance Limited (Sole broker)
Duncan Vasey, Lucy Williams	Tel: +  44 20 7220 9797
Walbrook PR Ltd	Tel: [phone] or [e-mail]
Paul McManus	Mob: [phone]
Sam Allen	Mob: [phone]