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Fulcrum Utility Services Ltd - Further Purchases of Fulcrum Shares

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Fulcrum Utility Services

RE: Harwood Capital LLP

Further Purchases of Fulcrum Shares

Harwood Capital LLP is pleased to announce that, further to its announcement of 15 April 2020, the Harwood Funds have acquired, on-market, a further 4,250,000 Fulcrum Shares (the "Share Purchases"), resulting in Harwood and the Harwood Funds being interested in 21,690,000 Fulcrum Shares, representing approximately 9.8 per cent. of Fulcrum's existing issued share capital.

Following these Share Purchases, the? scale of the Tender Offer will be further ?reduced to the number of shares that, when combined with the shareholding of the Harwood Funds in Fulcrum, equals approximately 29.9 per cent. of Fulcrum's existing issued share capital. 

Any additional purchases made by the Harwood Funds will likewise further reduce the number of shares subject to the Tender Offer.

The requisite TR-1 notification, with regard to the Share Purchases, is set out as an appendix to this announcement and has been filed with Fulcrum.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in Harwood's announcement of 8 April 2020.