ALY.L Regulatory News (ALY)

16 March 2020

For immediate release

LAURA ASHLEY HOLDINGS PLC

(the "Company")

DIRECTOR APPOINTMENT AND RESIGNATIONS

The Company announces that Mr Chan Choung Yau has been appointed as a non-executive director of the Company with effect from 14 March 2020. This appointment was undertaken pursuant to the continuing relationship agreement between the Company, Malayan United Industries Berhad (the "MUI Group") and MUI Asia Limited.

Mr Chan Choung Yau is currently the Group Executive Director of the MUI Group. He is a Chartered Accountant with the Malaysian Institute of Accountants and a Fellow of the Association of Chartered Certified Accountants in the United Kingdom. He currently holds directorships in the MUI Group, MUI Properties Berhad, Pan Malaysia Corporation Berhad and Pan Malaysia Holdings Berhad, each of which are listed on Bursa Malaysia Securities Berhad.

This announcement is issued in accordance with Listing Rule 9.6.11. There are no further matters that would require disclosure under Listing Rules 9.6.13R (1) to (6) in relation to this appointment.

In addition, both Professor Jane Rapley and Mr Leon Yee have resigned as independent non-executive directors of the Company with effect from 15 March 2020. The Company intends to review the composition of its Board and committees as a consequence of the changes described above and will provide a further update in due course.

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