Hornby Regulatory News (HRN)

27 January 2022

Board Changes

Hornby Plc ("Hornby", the "Company" or the "Group"), the international models and collectibles group, today announces the following changes to the Company's Board of Directors.

Following the recent review and strengthening of the Board, John Stansfield will step down as Non-Executive Chairman and become Senior Independent Non-Executive Director. Lyndon Davies will take on the role of Executive Chairman in addition to his CEO role. Both changes are with immediate effect.

The Board has commenced a search for a new CEO who will take the business onto the next stage of its journey. Once the new CEO is appointed, Lyndon Davies will become Non-Executive Chairman.

Lyndon Davies, commented.

"John re-joined the Board at a critical time in 2018 and has played a major part in the recovering fortunes of the Hornby Group, it is great news that he continues to be a part of the Board moving forward".

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019.

-ends-

Enquiries:

Hornby plc

Lyndon Davies, CEO 01843 233 500

Kirstie Gould, CFO

Liberum Capital Limited, Nominated Advisor and Broker

Andrew Godber 020 3100 2222

Edward Thomas