RNS announcement

7 June 2017

Palace Capital plc

(the "Company")

Further re dividend record date

Further to the final results announcement made by the Company on 6 June 2017, the Company wishes to clarify that the record date of the proposed final dividend of 9.5p per ordinary share is 7 July 2017. The record date was incorrectly notified as 6 July 2017 in the financial review section of the final results announcement.

If the final dividend is approved by shareholders the Company still intends that it will be paid on 28 July 2017.

For further information please contact:

PALACE CAPITAL PLC

Neil Sinclair, Chief Executive

Stephen Silvester, Finance Director

Tel. 44 (0)20 3301 8331

ALLENBY CAPITAL LIMITED (Nominated Adviser and Joint Broker)

Nick Naylor / James Reeve

Tel. 44 (0)20 3328 5656

ARDEN PARTNERS PLC (Joint Broker)

Chris Hardie

Tel. 44 (0)207 614 5917

CAPITAL ACCESS GROUP (Investor & public relations)

Scott Fulton

Tel: 44 (0) 203 763 3405