Marks Electrical Group plc

AIM Rule 17 Schedule Two (g) Update

Marks Electrical Group plc ("Marks Electrical" or "The Group"), a fast growing online electrical retailer, today announces the following information relating to directors' disclosure under Schedule Two, paragraph (g) of the AIM Rules for Companies:

David Lindow Wilkinson, a Non-executive Director on the board of the Company, has been a director of Saietta Group plc since 7 July 2021.

On 4 March 2024, Saietta Group plc was placed into administration. The administration proceedings remain ongoing.

Enquiries:

Marks Electrical Group plc                                                                                 Via Dentons Global Advisors:

Mark Smithson, CEO                                                                                                            Tel: +44 (0)20 7664 5095

Josh Egan, CFO                                                                                                                  

Dentons Global Advisors (Financial PR)

Jonathan Brill / James Styles / Nishad Sanzagiri                                                                   Tel: +44 (0)20 7664 5095

[email protected]                                                                                                                                                 

Canaccord Genuity (NOMAD and Broker)

Max Hartley / George Grainger (Nomad) / Kit Stephenson (Sales)                                      ​ Tel: +44 (0) 207 886 2500

About Marks Electrical

Marks Electrical is a fast growing, highly scalable premium electrical retailer which sells, delivers, installs and recycles a wide range of household electrical products. The Group was founded in Leicester in 1987 by Mark Smithson and has scaled into a nationwide online retailer with a compelling growth track record, thanks to its vertically integrated, low-cost, high-quality operating model, supported by the ongoing structural shift of consumers to purchase online. The Group operates within the UK Major Domestic Appliances (MDA) and Consumer Electronics (CE) market, estimated to be worth approximately £7 billion.

Primarily through its simple, clear and intuitive website - markselectrical.co.uk - the Group offers over 4,500 products from over 50 leading brands across its main product categories, which include Cooking, Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These products are sourced from UK distributors of the brands, with whom the Group maintains strong and direct relationships. Marks Electrical delivers direct to customers in its owned and branded vehicles, operated by the Group's skilled team of delivery drivers, who are also able to offer installation and recycling services.

For further information, visit the Marks Electrical corporate website: https://group.markselectrical.co.uk and its retail website: https://markselectrical.co.uk/.