New office facility in Leicester

23 January 2020

RNS REACH

Yü Group PLC
(the "Group")

New office facility in Leicester

New purpose-built office in Leicester supports Group growth ambitions

Yü Group PLC (AIM; YU.), the independent supplier of utilities to the UK corporate sector, confirms that it has agreed the commercials for its new purpose-built office facility in Leicester.

As announced in September, the Group recently expanded its Leicester operations with plans to invest in growing the sales, marketing and product teams further. This new state-of-the-art sales and innovations office provides the Group with the necessary capacity for its ambitious growth plans, supporting the drive to invest in new sales channels and digital innovation. The facility, which will open in January 2021, provides space for up to 250 staff and, in time, can take the team to a total 400-strong work-force across Nottingham and Leicester.

Bobby Kalar, Chief Executive Officer of Yü Group, commented: "Our service offering is resonating incredibly well with customers. There remains an enormous market opportunity to engage with the vast number of businesses who are disengaged with their current utility supplier and who are looking for value for money, convenience and excellent customer care. We ensure that our service meets these high standards. Investing in our Leicester capacity, along with our recent investment in new systems and processes, is a significant part of our business strategy to drive continued controlled growth."

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Notes to Editors

Yü Group PLC, trading as Yü Energy, is an independent supplier of gas, electricity and water focused on servicing the business sector throughout the UK. It has no involvement in the domestic retail market. The Group was listed on the AIM market of the London Stock Exchange in March 2016.