THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO

LEI: 254900LOBYWJWYSAB947

This announcement contains inside information

MAC Alpha Limited (the "Company")

Appointment of Avril Palmer-Baunack as Chairman

The Company is pleased to announce the appointment of Avril Palmer-Baunack as Chairman with immediate effect. Avril brings a wealth of experience from executive and non-executive leadership roles in the automotive, support services, engineering and insurance services sectors.

Avril previously partnered with Marwyn to acquire BCA Marketplace plc in 2015, going on to complete a number of bolt-on acquisitions, with the company becoming a FTSE-250 constituent before being acquired by TDR Capital for £1.9bn in 2019. Avril remained with the company under TDR's ownership, becoming Executive Chairman of Constellation Automotive Group, including BCA, We Buy Any Car, Cinch and Marshall Motor Group.

Avril will work with the Board to progress the Company's investment objectives in seeking platform acquisition opportunities to ultimately deliver shareholder value.

James Corsellis, Director of the Company and Marwyn's Chief Investment Officer, commented: "We are delighted to be working with Avril again, and look forward to further developing acquisition opportunities together."

Enquiries: 

Company Secretary

Antoinette Vanderpuije - 020 7004 2700

MAC Alpha Limited, 11 Buckingham Street, London, WC2N 6DF

Further information on the Company can be found on its website at www.mac-alpha.com.  Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.

Avril Palmer-Baunack (aged 61 years) currently holds or has held the following directorships in the past five years:

There are no further details to be disclosed under UKLR 6.4.8 (if such provision were applicable to companies whose shares are admitted to the equity shares (shell companies) category of the Official List) in respect of the appointment of Avril Palmer-Baunack.

The person responsible for arranging the release of this announcement on behalf of the Company is Antoinette Vanderpuije, Director.