Issue of Equity

MILESTONE GROUP PLC

"Milestone" or the "Company"

Issue of Equity and Total Voting Rights

Issue of Equity

Milestone, the AIM quoted (AIM: MSG) provider of digital media and technology solutions, announces that it has issued 3,000,000 new ordinary shares in the Company to Paul Elliott, the Company's Sports and Corporate Social Responsibility Ambassador.

The shares are being issued at a price of 1 penny per share in lieu of consultancy fees related to Paul's work on various projects within the organisation. We are delighted that such a high profile figure in the sports world has requested his payment to be in shares, which are being issued at a premium to current market price, as it both demonstrates his commitment to the Milestone strategy and vision and the potential he sees for the business going forward.

Paul is a leading ambassador and champion for OnSide, a web and mobile risk-assessment application for sports coaches, which allows the real-time exchange of data crucial to the welfare and safety of young people playing sport. It also allows the clubs to demonstrate their duty of care. OnSide aims to create a safer environment for the participants in community sports, coaches and the public, enhance community cohesion whilst also providing cost and process efficiencies within the system. The system is currently on trial with Charlton Athletic Community Trust ("CACT").

Application has been made for the 3,000,000 new ordinary shares to be admitted to trading on AIM, which is expected to occur on or around 29 October 2012. The new ordinary shares will rank pari passu with the existing ordinary shares of Milestone.

Total Voting Rights

In accordance with the Financial Services Authority's Disclosure and Transparency Rules, following the issue of equity, the Company will have in issue 376,412,158 ordinary shares of 0.1 pence each, each share carrying the right to one vote.  The Company does not hold any ordinary shares in treasury.

The above figure of 372,412,158 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Services Authority's Disclosure and Transparency Rules.

For further information:

Milestone Group PLC Deborah White, Chief Executive	Tel: [phone]
Cairn Financial Advisers LLP, Nominated Adviser Liam Murray / Avi Robinson	Tel: [phone]
Hybridan LLP, Broker Claire Louise Noyce / Deepak Reddy	Tel: [phone]

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Source: Milestone Group PLC via Thomson Reuters ONE

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