Character Regulatory News (CCT)

Issued on behalf of The Character Group plc

LONDON: Friday 15 September 2017

The Character Group plc

("Group" or the "Company")

Designers, developers and international distributors of toys, games and giftware

Board change

Following a formal meeting of the Board held yesterday (14 September 2017), the Directors of the Company have resolved that, because of a loss of confidence in him by the senior executive team, Mr. Mark Dowding's contract of employment with the Group has been terminated and he ceased to be a Director of the Group and Company Secretary, all with immediate effect. Consequently, from today, Mr Kiran Shah, the Joint MD of the Group will assume the responsibilities of Group Finance Director, a role he previously held within the business until February 2016, and Company Secretary.

This Board change does not reflect any circumstances relating to the trading of the Group or its finances. The Company expects to release a Trading update later this month, ahead of its Annual results scheduled for publication in early December.

Market Abuse Regulation (MAR)

The information contained within this announcement may contain inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.