ADMISSION TO AIM AND FIRST DAY OF DEALINGS

NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, AUSTRALIA, HONG KONG OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.  THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION UNDER THAT ACT OR AN AVAILABLE EXEMPTION FROM IT. THERE WILL BE NO PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES.

22 April 2021

musicMagpie plc

("musicMagpie", the "Company" or the "Group")

ADMISSION TO AIM, FIRST DAY OF DEALINGS, AND GREEN ECONOMY MARK ACCREDITATION

musicMagpie (AIM: MMAG), a leading re-commerce business in the UK and US specialising in refurbished consumer technology, is pleased to announce the admission ("Admission") of the Company's ordinary shares of one pence each ("Ordinary Shares") to trading on the AIM market of London Stock Exchange plc ("LSE"). Admission will take place and dealings will commence at 8.00 a.m. today under the ticker "MMAG" (ISIN: GB00BKY4XG48).

musicMagpie is a leader in the re-commerce of consumer technology (including smartphones, tablets, consoles and computers) with sustainability running to the very heart of its operations. Founded in 2007, the Group has an established presence in the UK, with operations in Stockport, Greater Manchester, and in the US in Atlanta, Georgia. Operating through its two trusted brands - musicMagpie in the UK and Decluttr in the US - the Group's core business model is simple: to provide consumers with a smart, trusted and sustainable way to buy, rent and sell refurbished consumer technology and physical media products. 

The Company is pleased to confirm that it has received the LSE's Green Economy Mark, which recognises companies that derive 50 per cent. or more of their total annual revenue from products and services that contribute to the global 'Green Economy'.

Steve Oliver, Chief Executive Officer and co-founder of musicMagpie, said:

"This is an exciting new chapter in the musicMagpie story, and we are delighted to welcome our new shareholders to the business. The Company has been on a fantastic journey since Walter Gleeson and I founded it in 2007, and I am hugely proud of the hard work, innovation and dedication of our people in getting the business to where it is today. I am thrilled that our colleagues can now have a direct stake in musicMagpie's future success.

I am also particularly pleased that musicMagpie has received the LSE's Green Economy Mark. It is a clear recognition of our strong environmental, social and corporate governance credentials as we continue to provide a service that is both smart for the consumer and smart for the planet."

Total voting rights

Following Admission, the total number of Ordinary Shares in issue will be 107,772,020; each with equal voting rights. The Company does not hold any rights in treasury. The total voting rights figure can be used by Shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change of their interest in, the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

The Company's AIM Admission Document was published on 16 April 2021 and is available to view on the Company's website at www.musicmagpieplc.com

Enquiries

Peel Hunt (Nominated Adviser, Joint Bookrunner and Joint Broker)         Tel: +44 (0) 20 7418 8900

Edward Knight

Paul Gillam

Nick Prowting

Tom Ballard

Alastair Rae (syndicate)

Shore Capital (Joint Bookrunner and Joint Broker)                                     Tel: +44 (0) 20 7408 4090

Mark Percy

Daniel Bush

John More

Malachy McEntyre (Corporate Broking)

Deloitte LLP (Financial Adviser)                                                                     Tel: +44 (0) 20 7936 3000

Chris Nicholls

Andy Westbrook

Aadam Brown                                      

Powerscourt (Financial Public Relations)                                                     Tel: +44 (0) 20 7250 1446

Rob Greening

Elly Williamson

Lisa Kavanagh

Notes to Editors

musicMagpie is a leader in the re-commerce of consumer technology (including smartphones, tablets, consoles and computers) and disk media (including CDs, DVDs and games) and books, with sustainability running to the very heart of its operations.

Founded in 2007, the Group has an established presence in the UK, with operations in Stockport, Greater Manchester, and in the US in Atlanta, Georgia. Operating through its two trusted brands - musicMagpie in the UK and Decluttr in the US, the Group's core business model is simple: to provide consumers with a smart, trusted and sustainable way to buy, rent and sell refurbished consumer technology and physical media products.

It has a strong environmental and social focus, as demonstrated by its trademarked 'smart for you, smart for the planet' ethos. Over 400,000 consumer technology products were resold to consumers in the year ended 30 November 2020 by the Group. In addition, the Directors estimate that that the Group re-sells approximately 2,500 tonnes of books and disc media each year that could have ended up as waste. As a result, the Company has received the London Stock Exchange's Green Economy Mark, which recognises companies that derive 50 per cent. or more of their total annual revenue from products and services that contribute to the global 'Green Economy'.

When selling to musicMagpie, the customer is offered a fixed valuation via the website, provided with free logistics to ship the products and (subject to it being 'as described') receives payment for their product on the day of arrival at the Group 's warehouse.

Customers purchasing from musicMagpie receive branded refurbished product for a fraction of the price of buying new. All consumer technology products sold by the Group are sold with a free 12-month warranty.

The Group has the highest number of seller reviews on both Amazon and eBay (approximately 10 million globally on each platform as at 31 January 2021) and has consistently achieved extremely positive feedback scores. The Group also has a 4.7* rating on UK Trustpilot, from over 180,000 reviews completed (as at 31 March 2021).

For further information please visit: www.musicmagpieplc.com

IMPORTANT INFORMATION

This announcement does not constitute, or form part of, any offer or invitation to sell, allot or issue, or

any solicitation of any offer to purchase or subscribe for, any securities in the Company in any jurisdiction

nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection

with or act as an inducement to enter into, any contract or commitment therefor.

Recipients of this announcement who are considering subscribing for or acquiring Ordinary Shares are

reminded that any such acquisition or subscription must be made only on the basis of the information

contained in the final Admission Document, which may be different from the information contained in

this announcement. No reliance may be placed, for any purpose whatsoever, on the information or

opinions contained in this announcement or on its accuracy, fairness or completeness. To the fullest

extent permitted by applicable law or regulation, no undertaking, representation or warranty, express or

implied, is given by or on behalf of the Company, Peel Hunt LLP ("Peel Hunt") or Shore Capital

Stockbrokers Limited ("Shore Capital"), or their respective parent or subsidiary undertakings or the

subsidiary undertakings of any such parent undertakings or any of their respective directors, officers,

partners, employees, agents, affiliates, representatives or advisers or any other person as to the

accuracy, sufficiency, completeness or fairness of the information, opinions or beliefs contained in this

announcement and, save in the case of fraud, no responsibility or liability is accepted by any of them for

any errors, omissions or inaccuracies in such information, opinions or beliefs or for any loss, cost or

damage suffered or incurred, howsoever arising, from any use, as a result of the reliance on, or

otherwise in connection with, this announcement. Peel Hunt and Shore Capital, which, in each case,

are authorised and regulated by the Financial Conduct Authority are acting only for the Company in

connection with the proposed Placing and Admission and are not acting for or advising any other person,

or treating any other person as their respective client, in relation thereto and will not be responsible for

providing the regulatory protection afforded to clients of Peel Hunt or Shore Capital, or advice to any

other person in relation to the matters contained herein. Such persons should seek their own

independent legal, investment and tax advice as they see fit. Peel Hunt's responsibilities, as the

Company's nominated adviser under the AIM Rules for Nominated Advisers and AIM Rules for

Companies will be owed solely to the London Stock Exchange and not to the Company, to any of its

directors or to any other person in respect of a decision to subscribe for or otherwise acquire Ordinary

Shares in reliance on the Admission Document. No representation or warranty, express or implied, is

made by Peel Hunt, Shore Capital or the Company or their respective affiliates as to any of its contents.

Deloitte LLP ("Deloitte") is authorised and regulated in the United Kingdom by the Financial Conduct Authority in respect of regulated activities. Deloitte is acting as the Company's financial adviser and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Deloitte or for advising any other person in connection with the transaction and arrangements detailed in this announcement or the Admission Document. Deloitte accepts no liability whatsoever for the accuracy of any information or opinions contained in, or for the omission of any material information from, this announcement or the Admission Document. Deloitte makes no representation or warranty, express or implied, concerning the contents of this announcement or the Admission Document, including its accuracy, completeness or verification, or concerning any other statement made or purported to be made by it, or on its behalf, in connection with the Company or the Ordinary Shares.

This announcement is only addressed to, and directed at, persons in member states of the European

Economic Area who are qualified investors ("Qualified Investors") within the meaning of Article 2 (e)

of the Prospectus Regulation (EU) 2017/1129 ("Prospectus Regulation"). In the United Kingdom, this

announcement is addressed to and directed only at "qualified investors" within the meaning of Article

2(e) of the Prospectus Regulation, as it forms part of English law by virtue of the European Union

(Withdrawal) Act 2018 (as amended) and regulations made under that Act, who are (i) persons having

professional experience in matters relating to investments, i.e., investment professionals within the

meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order

2005 (the "FPO"); (ii) high net-worth companies, unincorporated associations and other bodies within

the meaning of Article 49 of the FPO; or (iii) persons to whom it is otherwise lawful to communicate it

(together, "relevant persons"). Any investment activity in relation to the Placing is available only to and

will be engaged in only with (i) in the United Kingdom, relevant persons and (ii) in any member state of

the European Economic Area, Qualified Investors. It is not intended that this announcement be

distributed or passed on, directly or indirectly, to any other class of person and under no circumstances

should persons of any other description rely on or act upon the contents of this announcement.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States

of America. This announcement is not an offer of securities for sale into the United States. The Ordinary

Shares have not been and will not be registered under the US Securities Act of 1933, as amended, and

may not be offered or sold in the United States, except pursuant to an applicable exemption from

registration. No public offering of securities is being made in the United States. No securities commission

or similar authority in Canada has in any way passed on the merits of the Ordinary Shares and any

representation to the contrary is an offence. No document in relation to the proposed Placing has been,

or will be, lodged with, or registered by, the Australian Securities and Investments Commission, and no

registration statement has been, or will be, filed with the Japanese Ministry of Finance. Subject to certain

exceptions, the Ordinary Shares may not be, directly or indirectly, offered, sold, taken up, delivered or

transferred in or into or from any jurisdiction in which the same would be unlawful or offered or sold to a

person within such a jurisdiction.

Neither this announcement nor any copy of it may be (i) taken or transmitted into or distributed, directly

or indirectly, in the United States (within the meaning of regulations made under the US Securities Act

of 1933, as amended), or (ii) taken or transmitted into, distributed, published, reproduced or otherwise

made available or disclosed in Canada, Australia, Japan, Hong Kong, New Zealand or the Republic of

South Africa or to any resident thereof, except in compliance with applicable securities laws. Any failure

to comply with these restrictions may constitute a violation of the securities laws or other laws of any

such jurisdiction. The distribution of this announcement in other jurisdictions may be restricted by law

and the persons into whose possession this announcement comes should inform themselves about,

and observe, any such restrictions.

Acquiring securities to which this announcement relates may expose an investor to a significant risk of

losing all of the amount invested. The value of shares can decrease as well as increase. This

announcement does not constitute a recommendation concerning the Placing. Persons considering an

investment in such investments should consult an authorised person specialising in advising on such

investments.

This announcement contains certain statements that are, or may be, forward looking statements with

respect to the financial condition, results of operations, business achievements and/or investment

strategy of the Company. Such forward looking statements are based on the Company's expectations

of external conditions and events, current business strategy and plans and the other objectives of

management for future operations, and estimates and projections of the Company's financial

performance. Though the Company believes these expectations to be reasonable at the date of this

announcement, they may prove to be erroneous. Forward looking statements involve known and

unknown risks, uncertainties and other factors which may cause the actual results, achievements or

performance of the Group, or the industry in which the Group operates, to be materially different from

any future results, achievements or performance expressed or implied by such forward looking

statements. Past performance cannot be relied upon as a guide to future performance and should not

be taken as a representation that trends or activities underlying past performance will continue in the

future.

Certain figures in this announcement, including financial information, have been subject to rounding

adjustments. Accordingly, in certain instances, the sum or percentage change of the numbers contained

in this announcement may not conform exactly to the total figure given.

Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this announcement.