DATE: 2 November 2022

Silverwood Brands plc

("Silverwood" or the "Company")

Result of General Meeting and Appointment of new Director

Silverwood Brands plc, an enterprise company established to invest primarily in branded consumer businesses, is pleased to announce that the Company's General Meeting was held at 11.00 a.m. at Park House, 16-18 Finsbury Circus, London, EC2M 7EB.

Both resolutions put to shareholders were passed unanimously on a poll with the requisite majority. Resolution 1 was passed as an ordinary resolution and resolution 2 was passed as a special resolution.

Furthermore, the Company is pleased to announce the appointment of Joel Palix to the Board of Directors of Silverwood.

Joel Palix is a highly experienced beauty executive with over 35 years of international experience in both in brand and retail.  His previous roles include CEO of Feelunique a leading beauty e-retailer, CEO of Clarins Fragrance Group, CEO of Thierry Mugler and MD Europe of Yves Saint Laurent Beauty. He operates his own consultancy, Palix Unlimited, advising beauty brands and financiers on funding and acquisitions, DTC and e-commerce strategies, innovation and beauty tech. His clients include Bain Capital, Augustinus Bader and Lashilé. He is on the Board of several beauty companies, including Spotlight Oral Care, Goodiebox and Ieva.

In accordance with Rule 4.3 of the AQSE Growth Market Access Rulebook, it is confirmed that there are no additional details to be disclosed in relation to Mr Palix.

Andrew Gerrie, Executive Director of Silverwood, commented:

"We are delighted that Joel has joined the Board of Directors. His wealth of experience in the brands and beauty sectors will support Silverwood's future growth."

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