Elecosoft Regulatory News (ELCO)

Eleco plc

("Eleco", "Group" or the "Company")

Board Appointment

Eleco plc (AIM: ELCO), the specialist software provider for the built environment, is pleased to announce the appointment of James Pellatt to the Board as an independent Non-Executive Director, on 08 April 2024.

With over 25 years of senior leadership experience in technology and the built environment - twelve of which were with Great Portland Estates (GPE) plc - James has been at the forefront of cultural change and a driver of innovation in the industry. As GPE's Director of Innovation, he developed and executed strategies to improve staff productivity and reduce energy consumption through digital transformation in line with the organisation's customer first and net zero ambitions. Having overseen the successful delivery of over 6 million square feet of commercial, residential and retail space across central London, James shaped the business to become a market leader in smart buildings, winning the prestigious individual EG Tech Award in 2022 for 'Bridging the Gap' between technology and real estate.  He also led the use of data resulting in the British Property Federation Award for 'Best Use of Data' in 2023. To supplement his experience, he has also studied Digital Transformation at MIT, including specialism in Machine Learning and Artificial Intelligence.

James was a board member for the UK PropTech Association from 2021-2023 as well as on the British Council for Offices from 2017-2022, and is currently a Strategic Advisor for Laiout, Norway, supporting founders in their development of a generative AI space planning platform.

Mark Castle, Non-Executive Chairman of Eleco, commented:

"James' extensive background in real estate, innovation and sustainability makes him an ideal fit for Eleco, and we are delighted that he has agreed to join the Board. His experience in digital transformation and innovation will provide significant opportunity to the Company as it continues its strategic growth journey."

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About Eleco plc

Eleco plc is an AIM-listed (AIM: ELCO) specialist international provider of software and related services to the built environment through its operating brands Elecosoft, BestOutcome and Veeuze from centres of excellence in the UK, Sweden, Germany, the Netherlands and the US.

The Company's software solutions are trusted by international customers and used throughout the building lifecycle from early planning and design stages to construction, interior fit out, asset management and facilities management to support project management, estimation, visualisation, Building Information Modelling (BIM) and property management.

For further information please visit www.eleco.com.

Regulatory disclosures

The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies in relation to James Robert Pellatt, aged 54:

Mr. Pellatt holds or has held the following directorships/partnerships in the past five years:

Mr. Pellatt has no beneficial interest ordinary shares of the Company.

The Company confirms that there are no other disclosures to be made pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies with respect to Mr. Pellatt.