2 February 2023

UP Global Sourcing Holdings plc

"Ultimate Products" or "the Group"

Attendance at Ambiente

Ultimate Products, the owner of a number of leading homeware brands including Salter (the UK's oldest houseware brand, est.1760) and Beldray (est.1872), is delighted to be returning to Ambiente, the leading international consumer goods trade fair, which is being held in Frankfurt between 3-7 February 2023.

Attendance at Ambiente enables the Group to exhibit its range of quality branded houseware products to new customers, consumers and suppliers, as it continues to grow brand awareness in the strategically important European market.

As part of its exhibition at Ambiente, the Group will be showcasing recently launched products, including:

·      The Petra Sorbet Collection, a range of innovative kitchen electrical items including 3-in-1 treat makers, chocolate fountains and popcorn and candyfloss makers, continuing the Petra brand's hugely successful relaunch since its acquisition in February 2021

·      The Go Bake collection of cookware and bakeware items from Progress, where all items are part of the Progress promise to plant a tree for every product sold; understanding the importance of sustainability and growing a greener future together

·      Salter Bluetooth Smart Scales, which can be synched with smartphones via the free Salter Heath app, allowing users to chart progress and track their health

Simon Showman, Chief Executive of Ultimate Products, commented:

"We are very excited to be heading back to Ambiente for the first time since the COVID-19 pandemic. This trade fair is a fantastic opportunity for us to meet customers, consumers and suppliers, and share with them our range of beautiful and more sustainable products, suitable for every home. We look forward to seeing everyone there."

To meet Ultimate Products at Ambiente, please visit Hall 9.0 C65, Hall 9.3 D40 and Hall 9.3 E51

For more information, please contact:

Ultimate Products +44 (0) 161 627 1400

Simon Showman, CEO

Andrew Gossage, Managing Director

Chris Dent, Chief Financial Officer

Shore Capital +44 (0) 20 7408 4090

Mark Percy

Malachy McEntyre

Powerscourt +44 (0) 207 250 1446

Rob Greening

Sam Austrums

Notes to Editors

Ultimate Products is the owner of a number of leading homeware brands including Salter (the UK's oldest houseware brand, established in 1760) and Beldray (a laundry, floor care, heating and cooling brand that was established in 1872). According to its market research, nearly 80% of UK households own at least one of the Group's products.

Ultimate Products sells to over 300 retailers across 38 countries, and specialises in five product categories: Small Domestic Appliances; Housewares; Laundry; Audio; and Heating and Cooling. Other brands include Progress (cookware and bakeware), Kleeneze (laundry and floorcare), Petra (small domestic appliances) and Intempo (audio).

The Group's products are sold to a broad cross-section of both large national and international multi-channel retailers as well as smaller national retail chains, incorporating discount retailers, supermarkets, general retailers and online retailers.

Founded in 1997, Ultimate Products employs over 370 staff, a significant number of whom have joined via the Group's graduate development scheme, and is headquartered in Oldham, Greater Manchester, where it has design, sales, marketing, buying, quality assurance, support functions and warehouse facilities across two sites. Manor Mill, the Group's head office, includes a spectacular 20,000 sq ft showroom that showcases each of its brands. In addition, the Group has an office and showroom in Guangzhou, China and in Cologne, Germany.

Please note that Ultimate Products is not the owner of Russell Hobbs. The company currently has licence agreements in place granting it an exclusive licence to use the "Russell Hobbs" trademark for cookware (NB this does not include Russell Hobbs electrical appliances).

For further information, please visit www.upgs.com