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: 213800L5751QTTVEA774

7 November 2022

Marwyn Value Investors Limited

Manager Update

The Company has today been notified by Marwyn Investment Management LLP ("Marwyn") that, following his family's move to Spain, Mark Brangstrup Watts has retired as a partner of Marwyn and a member of its investment committee with immediate effect.

James Corsellis as Chief Investment Officer will continue on the investment committee alongside Marwyn Partners, Antoinette Vanderpuije and Tom Basset, with the ongoing support from a team of eight investment professionals based in London and Jersey.

Mark remains a director of AdvancedAdvT Limited, working closely with Marwyn and the board to identify and pursue acquisition opportunities, a trustee of the Marwyn Trust and a member of Marwyn LTIP LP but is not a PDMR in respect of the Company.

Mark Brangstrup Watts commented: "I am proud of our achievements during my last 20 years at Marwyn and excited about the prospects of the firm which has huge opportunities in front of it, a great team led by James as Managing Partner and CIO, and his partners Antoinette Vanderpuije & Tom Basset, and access to significant capital in probably one of the most challenging economic environments any of us have witnessed. It is in just this type of environment that Marwyn's investment approach has historically thrived, and I strongly believe will continue to do so."

James Corsellis, CIO of Marwyn commented "We wish Mark and his family the very best; we are enormously grateful for his pivotal role in Marwyn becoming the firm it is today and he will be deeply missed. We find ourselves in a very exciting position with an experienced team who are working on a day-to-day basis alongside our exceptional management partners Vin Murria, Mark Hodges, Corry Taylor and now Waheed Alli. Despite the challenges presented by the macro-economic turmoil and dysfunction in the capital markets (particularly amongst UK small- and mid-cap companies) we are seeing more and more interesting opportunities to invest capital behind great management teams and companies both directly, and through our acquisition companies."

This announcement contains inside information for the purposes of Article 7 of the UK version of EU Regulation 596/2014 which forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"), and is disclosed in accordance with the Company's obligations under MAR.

The person responsible for making this announcement is Robert Ware, Chairman, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands. 

Company enquiries:

Aztec Financial Services (Jersey) Limited

Chris Copperwaite / Magdala Mullegadoo

Telephone: 01534 833000

Investor Relations

Kam Bansil

Telephone: 020 7039 1901

Corporate Broker - Liberum Capital Limited

Chris Clarke / Owen Matthews

Telephone: 0203 100 2200

Marwyn Value Investors Limited is a closed-ended investment company on the London Stock Exchange Specialist Fund Segment - a fully regulated market for professional, institutional and sophisticated investors. Marwyn's previous 11 comparable listed acquisition companies which have completed a platform acquisition have delivered in excess of £4.2 billion in equity profits and an aggregate return on capital to shareholders of 119 per cent (as at 31 October 2022).

For further information see http://www.marwynvalue.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.