Sweett : Posting of Offer Document

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

8 July2016

RECOMMENDED CASH OFFER

for

Sweett Group plc ('Sweett')

by

Currie & Brown Holdings Limited ('Currie & Brown')

Posting of Offer Document

On 24 June 2016, the Boards of Currie & Brown and Sweett announced that they had reached agreement on the terms of a recommended cash offer to be made by Currie & Brown for the entire issued and to be issued share capital of Sweett (the 'Offer').

Currie & Brown announces that the offer document (the 'Offer Document') containing full terms of, and conditions to, the Offer and the procedures for its acceptance, is being posted today to Sweett Shareholders, together with the related form of acceptance (the 'Form of Acceptance').

The Offer will initially remain open for acceptance until 1.00 p.m. (London time) on 8 August 2016.

To accept the Offer in respect of Sweett Shares in certificated form (that is, not in CREST), Sweett Shareholders must complete the Form of Acceptance in accordance with the instructions printed on it in accordance with paragraph 13 of the Letter from the Chairman of Currie & Brown set out in Part II of the Offer Document and return it to Equiniti Limited (along with any appropriate share certificate(s) and/or other document(s) of title) using the accompanying reply-paid envelope (for use within the UK only) as soon as possible and, in any event, so as to be received by no later than 1.00 p.m. (London time) on 8 August 2016.

To accept the Offer in respect of Sweett Shares in uncertificated form (that is, in CREST), Sweet Shareholders should follow the procedures for electronic acceptance through CREST in accordance with the instructions set out in paragraph 13 of the Letter from the Chairman of Currie & Brown set out in Part II of the Offer Document so that a TTE Instruction settles as soon as possible and, in any event, no later than 1.00 p.m. (London time) on 8 August 2016.

The Offer Document, together with the documents listed in paragraph 11 of Appendix 4 to the Offer Document, shall be made available, subject to certain restrictions relating to persons resident in Restricted Jurisdictions, on each of Currie & Brown's and Sweett's websites at www.curriebrown.com and http://www.sweettgroup.com/investors, respectively, by no later than 12.00 noon (London time) on the Business Day following this announcement. Neither the contents of Currie & Brown's website, nor those of Sweett's website, nor those of any other website accessible from hyperlinks on either Currie & Brown's or Sweett's website, are incorporated into or form part of this announcement.

Further copies of the Offer Document, the Form of Acceptance and this announcement may be obtained by contacting Equiniti Limited by way of a written request to Equiniti Limited of Aspect House, Spencer Road, Lancing, West Sussex BN99 6DA, United Kingdom or by calling 0333 207 6394 from within the UK or [phone] if calling from outside the UK (lines are open from 8.30 a.m. to 5.30 p.m. (London time) Monday to Friday (excluding English and Welsh public holidays). Calls to the helpline from outside the UK will be charged at the applicable international rate. Different charges may apply to calls from mobile telephones and calls may be recorded and randomly monitored for security and training purposes. The helpline cannot provide advice on the merits of the Offer nor give financial, legal or tax advice.

Capitalised terms used in this announcement have the meanings given to them in the Offer Document.

Enquiries:
Sweett Group plc
Douglas McCormick - Chief Executive Officer	[phone]
Patrick Sinclair - Chief Financial Officer	[phone]
Josephine Guckian - Group Marketing and Communications Director	[phone]
Stockdale Securities Limited (Sweett's Financial Adviser)
Tom Griffiths	[phone]
Ed Thomas	[phone]
Camarco
Billy Clegg	[phone]
Georgia Mann	[phone]
Currie & Brown Holdings Limited
Euan McEwan - Group Chief Executive Officer	[phone]
Ian Fleming - Group Finance Director	[phone]
Aileen McEwan - Group Marketing and Communications Director	[phone]
London Bridge Capital Infrastructure Limited (Currie & Brown's Financial Adviser)
Elliott Mannis	[phone]

London Bridge Capital, which is authorised and regulated by the FCA, is acting exclusively for Currie & Brown and no one else in connection with the Offer and the other matters referred to in this announcement and the Offer Document and will not be responsible to anyone other than Currie & Brown for providing the protections afforded to clients of London Bridge Capital or for providing advice in connection with the Offer or any matter or arrangement referred to herein.

Stockdale, which is authorised and regulated in the United Kingdom by the FCA, is acting exclusively for Sweett and no one else in connection with the Offer, the other matters referred to in this announcement and the Offer Document and will not be responsible to anyone other than Sweett for providing the protections afforded to clients of Stockdale or for providing advice in connection with the Offer or any matter or arrangement referred to herein.

This announcement is for information purposes only and is not intended to and does not constitute or form part of any offer to sell or subscribe for or any invitation to purchase or subscribe for any securities or the solicitation of an offer to buy any securities or the solicitation of any vote or approval in any jurisdiction, pursuant to the Offer or otherwise. The Offer is being made solely by means of the Offer Document and the Form of Acceptance accompanying the Offer Document, which together contain the full terms and conditions of the Offer, including details of how to accept the Offer.

Any approval, decision or other response to the Offer should be made only on the basis of the information in the Offer Document and any accompanying documentation sent by Currie & Brown or Sweett to Sweett Shareholders. Sweett Shareholders are strongly advised to read the formal documentation in relation to the Offer.

The statements contained in this announcement are made as at the date of this announcement, unless some other time is specified in relation to them. Nothing contained in this announcement shall be deemed to be a forecast, projection or estimate of the future financial performance of Sweett or the Sweett Group or Currie & Brown or the Currie & Brown Group, except where otherwise expressly stated.

Overseas Shareholders

The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law. Persons who are not resident in the United Kingdom or who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves of, and observe, any applicable requirements. Any failure to comply with the restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement does not constitute an offer or an invitation to purchase or subscribe for any securities or a solicitation of an offer to buy any securities pursuant to this announcement or otherwise in any jurisdiction in which such offer or solicitation is unlawful. This announcement has been prepared for the purposes of complying with the laws of England and Wales, the rules of the London Stock Exchange and the Code and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of any jurisdiction outside England and Wales.

Unless otherwise determined by Currie & Brown or required by the Code, and permitted by applicable law and regulation, the Offer will not be made available, directly or indirectly, in, into or from a Restricted Jurisdiction where to do so would violate the laws in that jurisdiction and no person may vote in favour of the offer by any such use, means, instrumentality or form within a Restricted Jurisdiction or any other jurisdiction if to do so would constitute a violation of the laws of that jurisdiction. Accordingly, copies of this announcement and all documents relating to the Offer are not being, and must not be, directly or indirectly, mailed or otherwise forwarded, distributed or sent in, into or from a Restricted Jurisdiction where to do so would violate the laws in that jurisdiction, and persons receiving this announcement and all documents relating to the Offer (including custodians, nominees and trustees) must not mail or otherwise distribute or send them in, into or from such jurisdictions where to do so would violate the laws in that jurisdiction. The Offer (unless otherwise permitted by applicable law and regulation) will not be made, directly or indirectly, in or into, or by the use of the mails, or by any means of instrumentality (including without limitation, telephonically or electronically) of interstate or foreign commerce of, or any facilities of a national securities exchange of any Restricted Jurisdiction, and the Offer will not be capable of acceptance from or within any Restricted Jurisdiction.

The availability of the Offer to Sweett Shareholders who are not resident in the United Kingdom may be affected by the laws of the relevant jurisdictions in which they are resident. Persons who are not resident in the United Kingdom should inform themselves of, and observe, any applicable legal or regulatory requirements.

The Offer is being made for the securities of an English company with a listing on AIM, a market of the London Stock Exchange and is regulated primarily by English laws. Accordingly, the Offer is not made under or regulated by Chapter 6 of the Corporations Act 2001 (Cth). The content of this document is subject to UK disclosure requirements which are different from the disclosure requirements under Australian law. Neither the Australian Securities and Investments Commission nor the Australian Securities Exchange has: (i) approved or disapproved of the Offer; (ii) passed judgment over the merits or fairness of the Offer; or (iii) passed judgment upon the adequacy or accuracy of the disclosure in this document.

US Shareholders

The Offer is being made for securities of an English company with a listing on AIM, and Sweett Shareholders in the United States should be aware that this announcement, the Offer Document and any other documents relating to the Offer have been or will be prepared in accordance with the Code and UK disclosure requirements, format and style, all of which differ from those generally applicable in the United States. Sweett's financial statements and all financial information that is included in this announcement, or that may be included in the Offer Document or any other documents relating to the Offer, have been or will be prepared in accordance with International Financial Reporting Standards adopted in the European Union and may not be comparable to the financial statements or other financial information of US companies. The Offer will be for the securities of a non-US company which does not have securities registered under Section 12 of the US Securities Exchange Act and the Offer is not subject to the provisions of Section 14(d) of, or Regulation D under, the US Securities Exchange Act. The Offer is being made in the United States pursuant to the applicable provisions of Section 14(e) of, and Regulation 14E under, the US Securities Exchange Act, and otherwise in accordance with the requirements of the Code. Accordingly, the Offer will be subject to disclosure and other procedural requirements that are different from those applicable under US domestic tender offer procedures and laws.

The receipt of cash pursuant to the Offer by a US holder of Sweett Shares may be a taxable transaction for US federal income tax purposes and under applicable US state and local, as well as foreign and other, tax laws. Each US shareholder of Sweett is urged to consult with his, her or its independent professional adviser regarding any acceptance of the Offer including, without limitation, to consider the tax consequences associated with such holder's acceptance of the Offer.

Neither the US Securities and Exchange Commission nor any other US state securities commission has approved or disapproved the Offer, or passed judgment upon the fairness or merits of the Offer or passed judgment upon the adequacy or completeness of this announcement or the Offer Document. Any representation to the contrary is a criminal offence.

Forward-looking statements

This announcement contains statements about Currie & Brown and Sweett that are or may be forward-looking statements and which are prospective in nature. All statements other than statements of historical fact included in this announcement may be forward-looking statements. They are based on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Without limitation, any statements preceded or followed by or that include the words 'targets', 'plans', 'believes', 'expects', 'aims', 'intends', 'will', 'may', 'anticipates', 'estimates', 'projects' or words or terms of similar substance or the negative thereof, are forward-looking statements. Forward-looking statements include statements relating to the following: (i) future capital expenditures, expenses, revenues, earnings, synergies, economic performance, indebtedness, financial condition, dividend policy, losses and future prospects; (ii) business and management strategies and the expansion and growth of Currie & Brown's or Sweett's operations and potential synergies resulting from the Acquisition; and (iii) the effects of government regulation and global economic conditions on Currie & Brown's or Sweett's businesses.

Such forward-looking statements involve known and unknown risks and uncertainties that could significantly affect expected results and are based on certain key assumptions. Many factors could cause actual results, performance or achievements to differ materially from those projected or implied in any forward-looking statements. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Each of the Sweett Group and the Currie & Brown Group and each of their respective members, directors, officers, employees, advisers and persons acting on their behalf, expressly disclaims any intention or obligation to update or revise any forward-looking or other statements contained herein, whether as a result of new information, future events or otherwise, except as required by applicable law. Except as expressly provided in this announcement, forward-looking or other statements have not been reviewed by the auditors of Sweett or Currie & Brown. All subsequent oral or written forward-looking statements attributable to any member of the Sweett Group or the Currie & Brown Group or any of their respective associates, directors, officers, employees or advisers or any persons acting on their behalf are expressly qualified in their entirety by the cautionary statement above. Should one or more of these risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this announcement.

Disclosure requirements of the Code

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of Sweett or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) Sweett and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of Sweett or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of Sweett or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of Sweett or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) Sweett and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of Sweett or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by Sweett and by any offeror and Dealing Disclosures must also be made by Sweett, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of Sweett and the offeror company in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on [phone] if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

Please be aware that addresses, electronic addresses and certain information provided by Sweett Shareholders, persons with information rights and other relevant persons for the receipt of communications from Sweett may be provided to Currie & Brown during the Offer Period as requested under Section 4 of Appendix 4 of the Code to comply with Rule 2.12(c).

Publication on website

A copy of this announcement will be available free of charge, subject to certain restrictions relating to persons resident in Restricted Jurisdictions, on each of Currie & Brown's and Sweett's websites at www.curriebrown.com and http://www.sweettgroup.com/investors, respectively, by no later than 12.00 noon (London time) on the Business Day following this announcement. Neither the contents of Currie & Brown's website, nor those of Sweett's website, nor those of any other website accessible from hyperlinks on either Currie & Brown's or Sweett's website, are incorporated into or form part of this announcement.