Redcentric plc

('Redcentric', the 'Company' or the 'Group')

Appointment of Chief Financial Officer

Redcentric plc (AIM: RCN), a leading UK IT managed services provider, is pleased to announce the appointment of Tony Ratcliffe as Chief Financial Officer and Executive Director with immediate effect.

Tony has over 25 years' senior financial management experience with fast growing technology and service companies, including on AIM and Nasdaq. This experience extends across a number of high growth sectors, including healthcare, software and materials science. Most recently, Tony was CFO of SourceBio International, a healthcare technology group, where he led its AIM IPO and a successful restructuring which contributed to a fourfold increase in revenues and significant increase in profitability over a two-year period. In prior CFO roles, Tony has acquired varied operational, transactional, and strategic experience and driven significant growth, both organically and via M&A, with an ultimate focus on creating value for shareholders.

Tony qualified as a Chartered Accountant with KPMG and has an MBA from Heriot-Watt University, Edinburgh.

Michelle Senecal De Fonseca, CEO, commented: "I would like to welcome Tony to the Redcentric Board and look forward to working with him as we look to grow the business. Tony has many years' experience in growing technology companies and driving shareholder value, which will bring valuable expertise to Redcentric."

Additional information pursuant to Schedule Two, paragraph (g) of the AIM Rules for companies.  Anthony ('Tony') James Ratcliffe, aged 61, is currently or has previously been a director of the following companies within the past five years.

Tony was, until 1 March 2020, a director of Metalysis Limited, whose principal shareholder was one of the Woodford funds. Following the collapse of the Woodfood group, Metalysis was put into administration on 3 June 2019. Following the sale of assets, the process of administration was subsequently completed on 9 June 2021, with amounts outstanding to creditors of c.£5 million.

Save as set out in this announcement, there are no further details to be disclosed in pursuant to Schedule Two, paragraph (g) of the AIM Rules for companies.

- Ends -

For further information:

For media enquiries:

Notes to Editors:

Redcentric has a strong track record in delivering IT managed services provision that empowers businesses to scale, innovate and grow in a rapidly evolving digital landscape. As technology continues to advance the Company's goal is to be the go-to-all-in-one infrastructure and managed IT service provider for customers of all sizes offering an unmatched range of products and solutions. From infrastructure management and cloud services to cybersecurity and data analytics, Redcentric has a comprehensive suite of solutions designed to meet the diverse needs of modern businesses.

The Company operates through two distinct divisions:

Managed Services Provider ('MSP'): Servicing the private and public sectors with all their IT requirements. The MSP division acts as an outsourced IT department, handling day to day maintenance and security of customers' IT infrastructures. This allows customers to improve security and efficiency and focus on growing their core businesses.

Data Centres ('DC')  Portfolio of eight well invested data centres with 41MW of available capacity strategically located across the UK from London to West Yorkshire. DC serves a diverse blue chip customer base, providing critical services to Enterprise-grade clients and Government entities reliant on secure data centres and uninterrupted connectivity.

For additional information please visit www.redcentricplc.com