Completion of NBY London Limited Acquisition

RNS Number : 9157D

Silverwood Brands PLC

24 October 2022

DATE: 24 October 2022

Silverwood Brands plc

("Silverwood" or the "Company")

Completion of Acquisition of NBY London Limited

Silverwood Brands plc, an enterprise company established to invest primarily in branded consumer businesses, is pleased to announce that it has completed the acquisition of NBY London Ltd, the owner of the Nailberry brand ("Nailberry"). Nailberry is a multi-award-winning leader in non-toxic nail products, as announced on 30 September 2022 and 13 October 2022.

Although the current economic conditions are difficult, the Directors of the Company believe that Nailberry has significant opportunities for growth both in the UK and internationally and are excited about the future of the business within the Silverwood Brands portfolio.

Andrew Gerrie, the Executive Director of Silverwood Brands, said:

"It's great to be able to complete the acquisition of NBY London Ltd and bring the Nailberry Brand into the Silverwood group. I'm very much looking forward to working with Sonia in growing the business and adding more promising brands to the Silverwood portfolio."

For more information, please contact:

Silverwood Brands plc
Andrew Gerrie	info@silverwoodbrands.com

VSA Capital - AQSE Corporate Adviser and Broker	+44(0)20 3005 5000
Andrew Raca, Simba Khatai, Pascal Wiese (Corporate Finance) Andrew Monk, David Scriven, Peter Mattsson (Corporate Broking)

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