13 June 2022

Somero Enterprises Inc.

("Somero" or the "Company")

AGM Statement

Somero Enterprises, Inc. is pleased to provide an update on trading ahead of its Annual General Meeting to be held tomorrow, 14 June 2022, at its global headquarters located at 14530 Global Parkway, Fort Myers, Florida 33913 U.S.A. at 9 a.m. local time via webcast. 

In the five months ended 31 May 2022, the non-residential construction market remained healthy and therefore trading has been tracking well.  Consequently, the Board expects revenue, profitability, and cash generation to be in-line with the full year ending 31 December 2022 guidance provided in the 09 March 2022 final FY 2021 results statement.

The Board looks forward to providing a more detailed trading update covering the first six months of FY 2022 in July.

The Annual General Meeting will be held via webcast and participation is encouraged by registering online at https://services.choruscall.com/links/som210615pvba0ypG.html.  This link can also be found on our website at https://investors.somero.com/ along with dial-in numbers for telephonic participation.

For further information, please contact:

Somero Enterprises, Inc.                                                         www.somero.com

Jack Cooney, CEO                                                                   

John Yuncza, President

Vincenzo LiCausi, CFO

Howard Hohmann, EVP Sales

finnCap Ltd (NOMAD and Broker)

Matt Goode (Corporate Finance)                                                +44 (0)20 7220 0500

Kate Bannatyne (Corporate Finance)

Tim Redfern/Richard Chambers (ECM)

Alma PR (Financial PR Advisor)                                               [email protected]

David Ison                                                                                   +44 (0)20 3405 0205

Pippa Crabtree