9 August 2024

Hornby Plc

("Hornby" or the "Group")

Appointment of Non-Executive Chairman

Hornby Plc, the international models and collectibles group, today announces Neil Sachdev MBE, aged 65, has joined the Group as a Non-Executive Chairman with immediate effect.

An experienced NED who also works with a number of Public Service organisations, Neil is currently Chair at HM Land Registry, EastWest Rail Company and Network Rail Property Company, as well as being a Council Member at The University of Warwick. During Neil's Exec career he served as Stores Board Director at Tesco, responsible for property and operations for the UK business, and Group Property Director at J Sainsbury.

Olly Raeburn, Hornby CEO, commented: "We're delighted to have someone of Neil's calibre joining us as Non-Exec Chairman. This is a pivotal time for Hornby and Neil's retail and supply chain experience will add a valuable perspective, and provide welcomed support, to the turnaround that's already underway."

Neil Sachdev, Non-Executive Chairman, added: "It is a real privilege to join Hornby Plc and to work with such an enviable portfolio of great heritage brands. This is an incredibly exciting time for Hornby as it moves from a period of restructuring to stability, to growth. I am looking forward to working with Olly and the rest of the Board to support them as this iconic and enriching business continues its journey to profitability."

The Board would like to thank John Stansfield for stepping in as Interim Non-Exec Chairman as our search continued for the right candidate. With Neil's appointment, John remains on the Board as an Independent Non-Executive Director.

The names of all companies and partnerships of which Neil has been a director or partner at any time in the previous five years are set out below:

Neil holds no ordinary shares in Hornby.

Save as set out in this announcement, there are no further details to be disclosed under Rule 17 or Schedule 2(g) of the AIM Rules for Companies in respect of Neil.

Enquiries:

Hornby PLC

Oliver Raeburn, CEO                  01843 233 500

Kirstie Gould, CFO 

Holly Barnett, PR                  

Panmure Liberum Limited, Nominated Advisor and Broker

Andrew Godber                         020 3100 2222

Edward Thomas

Anake Singh