Quercus Publishing plc
LSE : QUPP

April 08, 2011 02:00 ET

CONVERSION OF LOAN NOTE AND OPTION EXERCISE

                                                                                                 8 April 2011
                                                                                        GB00B1G17S00/GBP/PLUS

                                           QUERCUS PUBLISHING PLC
                                        ("Quercus" or the "Company")
                                                      
                                 CONVERSION OF LOAN NOTE AND OPTION EXERCISE
                                                      
Quercus  Publishing Plc announces that a total of 1,924,026 ordinary shares of 0.8p each in the share capital
of  the  Company  have  been allotted to Pentland Group plc ("Pentland") pursuant to the  conversion  of  the
outstanding principal and interest on the £850,000 secured convertible loan notes held by Pentland.

The  Company  also announces that on 7 April 2011, Wayne Davies, a Director of the Company,  acquired  40,000
ordinary shares in the Company at a price of 57.5p per share pursuant to the exercise of an option.

Following these issues, Pentland is interested in 9,694,948 ordinary shares, representing 47.97 per cent.  of
the  Company's enlarged issued share capital of 20,212,230 ordinary shares and Wayne Davies is interested  in
1,044,000 ordinary shares, representing 5.16 per cent. of the enlarged issued share capital. The Directors of
the  Company are now interested in 4,490,774 ordinary shares in aggregate, representing 22.22 per cent of the
enlarged issued share capital.

The Directors of Quercus Publishing Plc accept responsibility for this announcement.

Enquiries to:

QUERCUS PUBLISHING PLC                                           Tel: 020 7291 7200
Mark Smith, Chief Executive

ST HELENS CAPITAL PARTNERS LLP                                   Tel: 020 7368 6959
Mark Anwyl or Duncan Vasey

Media Enquiries:
ATTILA CONSULTANTS                                               Tel: 020 7776 8825
Charles Cook                                                     Mobile: 07710 910563



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