BLV.L Regulatory News (BLV)

For Immediate Release 21 March 2014

BELVOIR LETTINGS PLC

(the "Company" or "Belvoir")

Board Changes

Belvoir Lettings plc (AIM:BLV), one of the UK's largest lettings franchises, announces that following the Company's rapid successful growth and transition to a public company, the Board has decided together to make a number of Board changes to best position the team to drive Belvoir for further growth. The following Board changes, which are being announced today at the Belvoir National Franchisee conference, will be made with immediate effect.

Dorian Gonsalves, Chief Executive will be stepping down from his role for personal reasons, but will continue with the Company as Director of Commercial and Franchising, with a more operational focused responsibility. His remaining responsibilities will primarily include overseeing day-to-day running of the business, representing the Belvoir brand at events and act as spokesperson when required.

Carl Chadwick, the Finance Director of Belvoir, will take on the role of Chief Executive. The Board is currently looking for a Finance Director to replace Carl Chadwick's position; a further announcement will be made when a replacement has been appointed.

Mike Goddard's position remains unchanged as Executive Chairman.

A further four non - Board directors have been appointed to provide additional front line support to Belvoir's franchise owners. These include: Compliance Director Cheryl Watts, Operations Director Lucy Noonan, Support Director Ian Maclean and Corporate Director Ellie Hall.

Additionally, Karen Bach, Non-Executive Director is resigning from the Board to take up another business opportunity. Andrew Borkowski, will join the Board as an Independent Non-Executive Director and he will chair the audit committee

Andrew has been a partner since 1997 with law firm Geldards LLP where he heads the Midlands corporate and banking teams. Andrew is a member of Geldards' audit committee. He has over 25 years' experience as a corporate lawyer including both UK and cross-border transactions and advisory work.

Commenting on the changes Mike Goddard, Executive Chairman commented:

"I am incredibly proud of everything that Belvoir has achieved in the past 19 years. It gives me enormous pleasure to announce that a strengthened new senior management team has been put into place and I am delighted that Carl Chadwick has agreed to take on the role of CEO, he will be fully supported by Dorian Gonsalves in his new role as Director of Commercial and Franchising.

I am very confident that these changes will lead to increased success for our franchise owners whilst also raising Belvoir's standing in the market and benefiting our shareholders. We are very committed as a Board to maximising shareholder value and look forward to continuing Belvoir's impressive track record for growth

I am also delighted to welcome Andrew to our Board and we look forward to working alongside him. He has significant experience of the franchising sector which is particularly relevant to the further development of Belvoir and will further strengthen our Board. I would like to take this opportunity to thank Karen for her contribution to the Company since the time of our IPO some 2 years ago and wish her all the very best in her new venture."

For further details:

In accordance with the AIM Rules, the following information required to be disclosed is set out below. Other than this information, there is no further information required to be disclosed under paragraph (g) of schedule 2 of the AIM Rules.

Full Name and Age: Andrew Thomas Borkowski (51).

Mr. Borkowski does not have a beneficial interest in the Ordinary Shares of the Company.

Current Directorships:

Active companies:

· Hull Super League Limited (non-executive director): rugby club

· Derbyshire Community Foundation (company secretary): charity

· SRL Suffolk Limited (director): wind farm

Dormant companies:

· Let's Fix Parts Ltd (director)

· Fall Properties Limited (director)

· Woof Woof Limited (director)

· Money Match Limited (director)

· Cactus Limited (director): holding company of Woof Woof Limited

Former Directorships and Partnerships in the past 5 years:

· The Horticultural and General Standard Manufacturing Company Limited (director): estate management

· E M Formations Limited (director): company formations

· E M Secretarial Limited (director): company secretarial support

· NBV Enterprise Solutions Limited (director): creation and preservation of employment in Nottingham by providing advice, counseling and other assistance to new and existing business

· PK Food Concepts Limited (director): provision of catering and manufacture of food

· Pentagon Subaru (Ashbourne) Limited (director): purchasing, selling and repairing of motor vehicles

· Pentagon Chrysler (Manchester) Limited (director): purchasing, selling and repairing of motor vehicles and the provision of ancillary services

· May Holiday Realisations Two Limited (director): IT services activities

· Jedimaster Limited (director): wholesale trade

· Epicentrix Group Limited (director): information services

· Hull FC 2011 Limited (director): rugby

· Meridian Funeral Home Limited (director): funeral services

· Fullbrook House Limited (director): holding company

· Fullbrook House Properties Limited (director): property portfolio

· Berea Technologies UK Limited (director):

· Medipark Limited (director): property development specifically related to medical technologies

· CPMG Holdings Limited (director): architectural activities

· Mulberry Land Planning and Developments Limited (director): architectural activities

· Wycar Leys (Leicester) Limited (director): care services

· The Serendipity Centre Limited (director): educational support services

· NX Services Limited (director):

· Street Energy Limited (director): solar panel provider

· Matrix Knowledge India Limited (director): business and management consultancy

· Model-Icons Limited (director): replica models

· Ventmed Limited (director): respiratory care