Avesco increases its 2016 interim dividend by 25%

DividendMax Ltd.

HIGHLIGHTS FOR THE SIX MONTHS TO 31 MARCH 2016

Revenues increased to £73.0m (six months ended 31 March 2015: £66.0m)

Operating profit increased to £15.3m (six months ended 31 March 2015: £5.5m)

Completion of the previously announced sale of the land and buildings at Fountain Studios, generating a profit before tax of £9.8m (£7.7m after tax)

Trading profit of £4.6m (six months ended 31 March 2015: £5.5m)*

Trading EBITDA of £13.4m (six months ended 31 March 2015: £14.6m)*

Profit before tax of £14.6m (six months ended 31 March 2015: £4.6m)

Basic earnings per share from continuing operations of 53.8p (six months ended 31 March 2015: 13.3p)

Adjusted continuing basic earnings per share of 13.3p (six months ended 31 March 2015: 13.3p) *

Interim dividend increased by a quarter to 2.5p (six months ended 31 March 2015: 2.0p)

Net assets per share of 230p (31 March 2015: 180p)