Milestone Group PLC : AGM Statement

MILESTONE GROUP PLC
("Milestone" or the "Company")

AGM Statement

At the Annual General Meeting of the Company to be held at 11:00 today, Deborah White, Chairman will make the following statement:-

"CHAIRMAN'S INTRODUCTION

Passion Project

As stated in the accounts The Passion Project is now firmly placed as the Company's flagship product.

In February the Milestone team were invited to take Platinum sponsorship status at the Apprenticeship4England event at the Emirates stadium helping to raise the profile of the Company and awareness of the Passion Project and its associated benefits.

The Government's Employer Ownership of skills programme coming into effect shortly, combined with the forthcoming Apprenticeship Levy in April 2017, is helping to realise the market opportunity for the Project and we have already been approached by a number of blue chip companies to help them with this new government initiative.

The projects methodology and emotional intelligence training have now been successfully tried and tested on a number of occasions with our industry partners.

Nexstar

In July last year Milestone entered into a Joint Venture agreement with Black Cactus Holdings Pty which was extended in December 2015. This gives Milestone Group the global exclusive rights to marketing and commercialising the IP held by Black Cactus Holdings PTY.

The first white label version of the Nexstar functionality is set for release in May 2016 and has been established to support the Milestone Foundation and the associated Passion Project partner network.

The platform is to be promoted by key influencers and celebrities across a wide range of genres, including sport, music, entertainment and fashion. Revenues generated through the platform will be split between the Foundation and Nexstar creating key revenue to support social initiatives whilst also generating revenues for the company.

This white labelled version offers a significant marketing opportunity for Nexstar which, when incorporated with the potential reach offered through the existing Nexstar relationships with Procurement, provide an exciting commercial and PR opportunity.

Since December we have announced extensive developments including the addition of the following services to the original Nexstar offering - Payment solutions, Money over IP, Trading over IP, Travel, Ticketing, Events, Movie distribution and streaming, along with a music publishing platform.

Mobile solutions

The product range continues to expand its client base with a new contract recently signed with one of the Passion Project partners, the value of which is £120,000 over a 3 year period.

The functionality offered, whilst being of significant operational value, also facilitates the capture of key data providing valuable evidence of engagement and outcomes, essential when looking to secure potential grant or social impact funding.

Disorder Magazine

The magazine continues to attract attention from key personalities and Passion Project partners. The latest version of the magazine is currently available for download from iTunes

The Foundation

The team are building effective delivery relationships within the education, employment and criminal justice sectors. We are actively tendering to the European Social Fund (both as a prime and a sub-contractor), the Big Lottery and a variety of charitable funds to help develop our products and our delivery.

Development stage complete

The Board is pleased with the developments during the period and particularly since the period end. Each of the separate business offerings has shown the beginnings of their revenue potential with growing interest being shown from an ever-expanding customer base and further new revenue streams visible in the near future.

We are at an exciting juncture with the development stage completed and the revenue stage gaining traction and I look forward to updating shareholders on our progress to self-sustainability."

For further information:

Milestone Group PLC Deborah White, Chief Executive	Tel: [phone]
Cairn Financial Advisers LLP, Nominated Adviser Liam Murray / Avi Robinson	Tel: [phone]
Hybridan LLP, Broker Claire Louise Noyce   Walbrook PR Limited Gary Middleton / Paul Cornelius / Paul Whittington	Tel: [phone]     Tel: [phone]

---

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Milestone Group PLC via Globenewswire

HUG#1998086