For immediate release

18 February 2020

Aquila Services Group plc

("Aquila" or the "Company")

Exercise of Options and Total Voting Rights

Aquila, a company formed to acquire and operate growing businesses operating in the affordable housing services sector, announces that the Company has received notice from an employee to exercise an option to subscribe for 10,000 ordinary shares at a price of £0.05 per ordinary share. The notice was accepted as valid and having received funds of £500, the Company has accordingly issued and allotted 10,000 new ordinary shares (the "Option Shares").

Applications have been made to the FCA and the London Stock Exchange for the Option Shares to be admitted to the Official List and to trading on the London Stock Exchange's main market for listed securities (the "Admission"). It is expected that Admission will become effective on 21 February 2020.

Following the issue of the Option Shares, which on Admission will rank pari passu with the existing ordinary shares, the total number of ordinary shares in issue with voting rights in the Company will be 37,947,905. There are no shares held in treasury.

The above figure of 37,947,905 may therefore be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

For further information please visit www.aquilaservicesgroup.co.uk. or contact:

Aquila Services Group plc

Claire Banks

Group Finance Director and Company Secretary

Tel: 020 7934 0175

Beaumont Cornish Limited, Financial Adviser

Roland Cornish

Tel: 020 7628 3396

Notes to editors:

About Aquila Services Group plc

Aquila is the London Stock Exchange listed parent company of: Altair Consultancy and Advisory Services Ltd, a specialist housing consultancy; Aquila Treasury and Finance Solutions Ltd, an FCA registered subsidiary of treasury management advisors; and Oaks Consultancy Ltd, specialist consultancy in sport, education and charities. I also has investments in 3C Consultants Ltd, one of the largest providers of IT consultancy to the UK social housing sector, and AssetCore Limited, a platform for storing and managing loan security information with links to lenders, legal advisors, and security trustees.

https://altairltd.co.uk/

https://www.atfsltd.co.uk/

https://www.oaksconsultancy.co.uk/

http://www.3cconsultants.co.uk/

http://www.assetcore.com/

https://www.finalysisuk.co.uk/