MUSA Property Acquisition (7446M)

TIDMMAN

RNS Number : 7446M

Manroy PLC

22 August 2011

MANROY PLC

("MANROY" OR THE "COMPANY")

ACQUISITION OF PROPERTY BY MANROY USA

On 17 August 2011, the Company announced the completion of its acquisition of a 49 per cent. interest in Manroy USA LLC ("MUSA") from Caledonian Heritable Limited.

The Board of Manroy today announces that MUSA has completed the acquisition of a freehold property near Charlotte, North Carolina for US$1.3 million (GBP0.8 million). This property has been acquired so that the enlarged business of MUSA, following its recent acquisition of the business and assets of Sabre Defence Industries LLC ("Sabre"), can be consolidated into one facility. The Board currently expects the businesses of MUSA and Sabre to relocate into the Charlotte property by the end of 2011.

Located in Spindale, approximately 60 miles west of Charlotte, the property is situated on approximately 4 acres of land and consists of 14,000 sq ft of offices, 83,000 sq ft of ground level manufacturing/factory space and 13,000 sq ft of lower level factory space, including an indoor firing facility. This district was selected by MUSA's management as it offers favorable incentives to incoming businesses and is also located in a recognised HubZone.

The Board of MUSA intends to sell the existing property in Scottsboro, Alabama, which was independently valued in January 2011 at $0.6 million (GBP0.4 million). The existing premises in Nashville, Tennessee in which Sabre is currently located was acquired as part of the acquisition of the business and assets of Sabre and is occupied under a lease that expires in December 2012.

Glyn Bottomley, Chief Executive of Manroy, commented:

"When Manroy came to the market in December 2010, we made clear our intention to acquire a 49 per cent stake in MUSA. To have completed this deal before our first financial year end on AIM is evidence of our ambition. Consolidating MUSA's premises is the first major step we have taken since the acquisition and is a positive step for MUSA and the enlarged Manroy business. The property in Charlotte is an excellent facility to work from and has all the expansion potential that we envisage we will need to match our anticipated growth."

For further information please contact:

Manroy Plc Tel: 01252 874 177

Glyn Bottomley, Chief Executive

Paul Carter, Finance Director

Arbuthnot Securities Limited Tel: 020 7012 2000

Tom Griffiths

Ed Groome

Tavistock Communications Tel: 020 7920 3150

Baron Phillips

Simon Compton

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