Straight plc notes the recent rise in the Company's share price and announces that it has received a preliminary approach from One51 plc regarding a possible acquisition of the entire issued and to be issued share capital of Straight. There is no certainty that this approach will lead to an offer being made for the Company.

Rule 2.6(a) of the City Code on Takeovers and Mergers (the "Code") requires One51plc by not later than 5.00 p.m. on 14 March 2014 (the "relevant deadline"), either to announce a firm intention to make an offer for Straight in accordance with Rule 2.7 of the Code or to announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. The relevant deadline will only be extended with the consent of The Takeover Panel in accordance with Rule 2.6(c) of the Code.

Pursuant to Rule 2.10 of the Code the Company confirms that there are 11,899,294 ordinary shares of 1p in issue with International Securities Identification Number GB0033695486. 400,000 issued shares are currently held in trust further to the Directors' Conditional Share Award on 6 September 2010.

A further announcement will be made as appropriate.

A summary is set out below of the dealing disclosure requirements under the Takeover Code, which require action by holders of 1 per cent. or more of the Company's issued share capital.

This announcement is posted in accordance with Rule 30.4 of the Code.

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