Loqus Holdings plc - Execution of Letter of Intent

Friday, October 2nd, 2015

On 2 October, Loqus Holdings plc announced that, following discussions with a number of potential purchasers of its fleet management business and related Intellectual Property Rights (IPR), the Company signed a letter of intent with one of these potential acquirers which will be followed by a due diligence exercise over the coming months.

On completion of this exercise, the Company intends to enter into negotiations which, if successful, may potentially lead to the conclusion of an agreement subject to the applicable regulatory and shareholder approvals.

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