Marks Electrical Group plc

Directorate Change

Marks Electrical Group plc ("Marks Electrical" or "the Group"), is pleased to announce the proposed appointment of Warren Middleton as Non-Executive Director of the Company.

Mr Middleton was previously with KPMG for over 25 years, 17 of which have been as a technology partner. He was KPMG's Manchester Office senior partner since 2019, overseeing circa 1,500 employees and was heavily involved in the build-out of KPMG's technology practice. It is intended that Mr Middleton will also chair the Audit and Risk Committee.  The appointment is subject to confirmation from the Nominated Adviser that due diligence checks have been completed to its satisfaction as required under the AIM Rules and a further announcement will be made in due course.

Furthermore, David Wilkinson has resigned from the Board and as a Non-Executive Director of the Company with immediate effect.

Commenting on Warren's appointment, Marnie Millard, Chair of the Board said, "We are delighted to be welcoming Warren to the Board and look forward to benefiting from his valuable experience advising companies on advancements in their technology agenda. Additionally, we thank David for his support and expertise over the last three years, since IPO."

Enquiries:

Marks Electrical Group plc                                                    Via DGA Group:

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

Josh Egan (CFO)                                                                                                                 

DGA Group (Financial PR)

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

[email protected]                                                                                                                                                                                                 

Canaccord Genuity (NOMAD and Broker)

Max Hartley / George Grainger                                                            Tel: +44 (0)20 7523 8000                                                    

About Marks Electrical

Marks Electrical is a fast growing, highly scalable, technology driven e-commerce electricals 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/.