26 May 2022

Curtis Banks Group plc

("Curtis Banks" or the "Group")

AGM and Board appointments

Curtis Banks (AIM: CBP), one of the UK's leading SIPP providers, announces that the Company's Annual General Meeting ("AGM") will be held today at 10.00am at Novotel, Victoria Street, Bristol BS1 6HY. The Company also announces that immediately following the AGM, Chris Macdonald (Chairman) and Jules Hydleman (Non-Executive Director) will retire from the Board having served in their respective positions since 2015, shortly before the Company's listing on AIM. Following Chris and Jules' retirement from the Board, David Barral will be appointed independent Chairman with Christopher Mills appointed Non-Executive Director.

David brings a wealth of experience to the Curtis Banks Group following an extensive executive and Non-Executive career in financial services spanning 40 years. His current portfolio includes Non-Executive director Chair of Rowanmoor Group and Non-Executive director of The Pensions Superfund.  Previous Non-Executive roles have included chair of Embark Group (sold in January this year to Lloyds Banking Group for £400m), senior independent director of LV Group, Non-Executive director of LV General Insurance (sold to Allianz in Dec 2020), independent customer champion at Quilter and chair of Virgin Wines. He is a former CEO of Aviva UK and Ireland Life, Aviva's largest business unit, achieving profit of £1bn. Previous positions at Aviva included sales director, marketing director and chief operating officer. He has previously chaired the ABI Retirement and Savings Committee and was a member of the Financial Services Authority Retail Distribution Review Taskforce. David brings a mix of strategic leadership, transformation and operational experience with a strong focus on value creation, performance, customers and risk and governance.

Christopher is Chief Executive Officer and principal shareholder of Harwood Capital Management since 2011. He founded JO Hambro Capital Management with Jamie Hambro in 1993, acting as Chief Investment Officer, and Harwood Wealth with Alan Durant in 2013 until their respective sales in 2011 and 2020. He is CEO of North Atlantic Smaller Companies Investment Trust ("NASCIT") which he has managed since 1982 and Executive Director of Oryx International Growth Fund which he has managed since 1995. He has sat on the Board of over 100 companies during his career including most recently Augean, MJ Gleeson, SureServe, Frenkel Topping and is currently Chairman of EKF Diagnostics and Renalytix AI. He was awarded a scholarship to go to university by Samuel Montagu and has a BA in Business Studies.

Chris Macdonald, Chairman of Curtis Banks, commented: "It has been a pleasure to serve as Chairman of Curtis Banks over the past few years and I thank my fellow board members for their support during my and Jules' 7 year tenure. We have taken the decision to stand down as we near the end of our tenures and the Company is fortunate to appoint David and Christopher to the board, who have extensive experience across the SIPP and listed space."

Will Self, CEO of Curtis Banks, commented: "On behalf of the Board and all at Curtis Banks, I would like to thank Chris and Jules for their long and distinguished service to the Company and extend to them both our appreciation for their dedication and invaluable contributions over the years. The Board is delighted that David and Christopher are joining the Board as Curtis Banks' growth strategy develops. David has had a long and very successful career in the pensions and savings market including latterly as Chairman of Embark, the UK SIPP provider. Christopher is a leading UK fund manager for Harwood Capital, which acquired a 6.32% shareholding in the Company in 2021."

David Barral, incoming Chairman of Curtis Banks, commented: "I am delighted to be joining Curtis Banks at such an exciting time in the Company's development. I'm looking forward to helping the business to shape its future in the best interests of its clients, staff and, of course, shareholders."

AIM Disclosures

David Barclay Barral is 60 years old and during the last five years immediately preceding the date of this announcement held the following directorships:

Current

PSF Capital (Scotland) GP Limited

Rowanmoor Executive Pensions Limited

Rowanmoor Personal Pensions Limited

Rowanmoor Group Limited

Red Slate Properties Ltd

Previous

Liverpool Victoria Financial Services Limited

Embark Group Limited

Liverpool Victoria Insurance Company Limited

Highway Insurance Company Limited

Liverpool Victoria General Insurance Group Limited

Virgin Wines Holding Company Limited

Hamsard 3389 Limited

Christopher Harwood Bernard Mills is 69 years old and during the last five years immediately preceding the date of this announcement held the following directorships:---

Current

AssetCo plc

North Atlantic Investment Services Limited

3BL Media Limited

Learna Holdings Limited

Trellus Health Plc

1 Orchard Place (Freehold) Limited

Frenkel Topping Group Plc

Harwood Property Investments Limited

Harwood Capital Nominees Limited

Harwood Real Estate Limited

Harwood Capital Management Limited

Harwood Capital Management (Gibraltar) Limited

Harwood Holdco Limited

Sureserve Group Plc

Bigblu Broadband Plc

Renalytix Plc

Tradewise Group of Companies Limited

Tradewise Holdings Limited

Tradewise Insurance Company Limited

Ten Entertainment Group Plc

Sourcebio International Plc

EKF Diagnostics Holdings Plc

Coventbridge Group Limited

Jaguar Holdings Limited

Journey Group Limited

MJ Gleeson Plc

Catalyst Media Holdings Limited

Catalyst Media Group Plc

Cross-Border Publishing (London) Limited

IR Media Group Limited

Growth Financial Services Limited

Consolidated Venture Finance Limited

North Atlantic Smaller Companies Investment Trust Plc

North Atlantic Pc Holdings Inc

Oryx International Growth Fund Limited

Utitec Holdings Inc

Sports Information Services (Holdings) Limited

Alternateport Limited

01285055 Limited

Jarvis Porter Group plc

Previous

Hearing Therapeutics Limited

Hamsard 3468 Limited

Augean Limited

Quantum Pharma Holdings Limited

Goals Soccer Centres Plc

Harwood (Birmingham) Limited

Harwood Wealth Management Group Limited

Harwood Real Estate Asset Management Limited

Harwood Multi Manager Limited

Agrisense Industrial Monitoring Limited

B&G (Europe) Holding Ltd

Stratton Street (Mouse No.1) Limited

Stratton Street (Anthony) Limited

Team Rock Limited

Bioquell Limited

Alba Investment Properties Holdings Limited

Alba Investment Properties Limited

62 Pont Street (Freehold) Limited

Gabelli Value Plus + Trust Plc

Tramworks Limited

Kelvinhaugh Student Accommodation Limited

The Tagos Group

Sunlink Health Systems Inc

Curtis Gilmour Holding Company Inc

The following disclosures are made as required under sections (v) to (vii) paragraph (g) of Schedule 2 of the AIM Rules for Companies in relation to companies that were placed into liquidation or receivership/administration where Christopher Mills was a director at the time or a director 12 months preceding the event:

Nationwide Security Group plc: receivership completed and company dissolved in November 2005.

Versatile Group Limited: administration completed and company dissolved in May 2001.

Tricor plc (formerly PNC Telecom plc): Christopher Mills resigned in February 2003 and administrators were appointed in June 2003 and subsequently discharged in January 2014 and the business resumed trading.

United Industries plc: Christopher Mills resigned in October 2005. Administrators were appointed on April 2006 and the company was dissolved in May 2008.

Jarvis Porter Group plc: administrators appointed in August 2007 with dissolution in August 2008. This company has now been granted restoration in March 2020.

W.G. Mitchell (2005) Limited, W.G. Mitchell (Charlotte Square) Limited, W.G. Mitchell (Fifteen) Limited, W.G. Mitchell (George Street) Limited, W.G. Mitchell (Seven) Limited, W.G. Mitchell Enterprises Limited: Christopher Mills was appointed as director of these companies in December 2009 and resigned in January 2015 before they were all dissolved in June 2016.

Team Rock Limited: Christopher Mills was appointed as a director in April 2013 and resigned in October 2017. Administrators were appointed in December 2016 and the business was liquidated in December 2017.

Kelvinhaugh Student Accommodation Limited: In May 2015 the shareholders voted to wind-up the company and dissolution took place in June 2017.

Baltimore Capital plc: the company was placed into voluntary liquidation in March 2011 and was dissolved in June 2017 via a voluntary members liquidation.

Izodia plc: entered into a company voluntary liquidation in November 2011 and Christopher Mills resigned in November 2012.

Valiant Sports Holdings Limited: company was dissolved in September 2014 following a voluntary creditor liquidation.

Tramworks Limited entered into a voluntary liquidation in May 2015 and the company was dissolved in October 2017.

Goals Soccer Centres plc: entered into voluntary administration in November 2019 following the discovery of overstated profits. Christopher resigned following the appointment of administrators in November 2019.

Gabelli Value Plus + Trust Plc entered into a voluntary liquidation in July 2021 and Christopher Mills resigned in December 2021.

Tradewise Group of Companies Limited entered into voluntary administration in January 2022 after they Tradewise Insurance Company Limited, the reinsurance arm of the group was unable to renew its reinsurance programme with Berkshire Hathaway International Insurance Limited. Tradewise Insurance Company Limited ceased trading on 4 February 2022.

There is no further information to be disclosed pursuant to Schedule Two Part (g) of the AIM Rules for Companies.

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