BAE.L Regulatory News (BAE)

BEALE PLC

("Beale" or the "Company")

CHANGES IN DIRECTORATE

Further to the announcement of 20 February 2015 that the recommended cash offer for Beale by English Rose Enterprises Limited had been declared unconditional, Beale announces the following directorate changes:

Resignation

Ms. Cath Norgate-Hart has resigned as a non-executive director of Beale with immediate effect. The Board wishes to thank Ms. Norgate-Hart for her contribution to the Company and wishes her success for the future.

Mr. William Tuffy has agreed to remain on the board as a non-executive director in order to assist with the handover process.

Appointments

Mr. Andrew Perloff joins the board as non-executive director with immediate effect.

Mr Perloff was a director of Highway Capital PLC from July 2009 to September 2011, at the time a shell company, listed on the London Stock Exchange.

Mr. Perloff is the Executive Chairman and CEO of Panther Securities Plc and a non-executive Director of Airsprung PLC.

Under paragraph 9.6.13(3) of the listing rules it is disclosed that, Mr. Perloff was a Director of Wimbledon Studios Ltd, in which he had a personal holding as well as this being an associate of Panther Securities PLC. The Board of Wimbledon Studios Ltd including Mr. Perloff, appointed KPMG administrators on 5 August 2014. The company had been loss making since its incorporation in 2010 and was funded by Panther Securities PLC, which decided it would not continue funding the business. Panther Securities PLC board funded a slower administration process rather than a liquidation, which would have been significantly cheaper. This was in order to assist the employees and small businesses which operated from the Studio location. They suffered less disruption and with the slower run down, made possible by the administration process, they were able to arrange alternative premises and organize their operations.

Mr. Simon Peters joins the board as non-executive director with immediate effect.

Simon joined Panther Securities PLC in 2004 and became a director in 2005. He is currently the finance director of Panther Securities Plc and a non-executive director of Airsprung PLC. Between 1999 and 2004 Simon was with KPMG. Between April 2010 and April 2013 Simon was a non-executive director at Beale and from October 2013 until July 2014.

Mr. Stuart Lyons CBE, joins the board as non-executive director and Chairman with immediate effect.

Stuart has considerable experience in consumer product, retail and service industries. Stuart is also Chairman of the furniture manufacturer and distributor Airsprung Group PLC. In his executive career, he was Managing Director of UDS Group plc, which owned the Allders Department Stores, Richard Shops, John Collier and Timpson businesses. Subsequently, he joined Pearson plc, where he was Chairman and Chief Executive of the Royal Doulton group. As a non-executive, he has been Chairman of the British Ceramic Confederation, the West Midlands Development Agency, Gartmore Absolute Growth and Income Trust PLC, The Wensum Company plc and the Development Board of King's College, Cambridge. He has served on the Monopolies and Mergers Commission, and as a front-bench advisor on Trade and Industry. Mr. Lyons was also a non-executive director of Beale between April and October 2013.

There are no further disclosures under paragraph 9.6.13 of the Listing rules in relation to Mr. Perloff, Mr. Peters and Mr. Lyons.

Further Information

Beale PLC Tel: 01202 552 022

Michael Hitchcock, Chief Executive

Shore Capital Tel: 0207 408 4090

Anita Ghanekar

Edward Mansfield

Buchanan Tel: 0207 466 5000

Charles Ryland

Sophie McNulty

Gabriella Clinkard