ELE.L Regulatory News (ELE)

22 May 2013

Electric Word plc

Board changes

The Directors of Electric Word plc ("Electric Word"), the specialist information company, today announce that Peter Rigby is to step down as a director and Chair on 31 May 2013. Andrew Brode will be joining the Board as Chair on 1 June 2013.

Chief Executive Julian Turner commented: "Peter has guided the business and its strategy as Chair since 2004 and served on the Board of Electric Word since its inception in 2000. In that time he has overseen its growth from revenues of £1.3m to over £14m and supported the development of valuable businesses in Education, Health and Sport and Gaming. We have been extremely fortunate to have one of the country's top media business leaders on the Board for so long. On a personal level he has been a wise and selfless mentor and a trusted and critical colleague. I would like to welcome Andrew Brode to the Board who will also bring a wealth of experience to the business and will help us build on the strong platform that has been created."

Peter Rigby said: "I am proud of being part of Electric Word and have immensely enjoyed working with the business for more than a decade, but after nine years as Chair I feel it is the right time for me to step aside. EW has a talented and ambitious team that have both built a business and guided it through some difficult times to the strong position it is in today. With much-reduced debt and the planned investments well under way, the opportunity for the business has never been greater. I wish the team and the new Chair every success for the future."

Andrew Stephen Brode, 72, is Chairman of RWS Holdings plc, Reading Room Limited, BHP Information Solutions Limited and the e-learning specialists Epic Performance Improvement Limited. Andrew is also a director of Vitesse Media plc and IT Governance Ltd. In the last five years, Andrew was the MD of Croner Publications and CEO of Wolters Kluwer (UK) PLC. Further details on his directorships are set out below.

Before joining the Board, Andrew Brode will be subscribing for 7,200,000 new shares in Electric Word at 2.1p per share, representing 1.7% of the enlarged issued share capital. The new shares will, when issued, rank pari passu in all respects with the existing shares. Andrew Brode holds no other shares in Electric Word.

Application has been made to the London Stock Exchange for the 7,200,000 new shares to be admitted to trading on AIM. It is expected that Admission will become effective at 8.00 a.m. on 31 May 2013.

Andrew Brode said: "I am delighted to be joining Electric Word. It is an attractive business with an energetic management team who have a clear plan for the future. I am looking forward to helping them achieve their ambitions."

Prior to entering a close period on 31 May 2013, the Board also announced that trading was in line with the Board's expectations and the update given at the AGM on 25 April 2013.

Save as set out in this announcement, there are no further details to be disclosed under paragraph (g) of Schedule 2 to the AIM Rules.

ENDS

Enquiries

Julian Turner, Chief Executive, Electric Word 020 7954 3443

Andrew Potts, Panmure Gordon 020 7886 2500

Other directorships

Andrew Brode was a director of Focus Central London Limited and its subsidiary Focus Quality Services Limited when the businesses were placed into members' voluntary liquidation in August 2001. There was no deficiency relating to creditors of either company.

Mr Brode was appointed as a non-executive Director of Prescom Publications Limited on 20 May 1993, representing 3i plc. On 16 March 2001 the company went into a creditors' voluntary liquidation. 3i was the largest creditor and the deficiency regarding creditors was £442,402.

Mr Brode was appointed as a non-executive Director of Rage plc on 21 November 1994. On 15 January 2003 the company went into administrative receivership. The deficiency as regards creditors was £6.12 million.