Hargreaves Serv Regulatory News (HSP)

27 February 2012

Hargreaves Services plc

('Hargreaves', 'the Company' or 'the Group')

Directorate Change

Hargreaves Services plc (AIM: HSP), the UK's leading supplier of solid fuels and bulk material logistics, is pleased to announce the appointment of David William Morgan to the Board as a Non Executive Director with immediate effect. He will be the Senior Independent Director, will Chair the Audit Committee and will also be appointed to the Remuneration Committee and Nominations Committee.

Mr Morgan, aged 54, a Chartered Accountant, has had wide-ranging Board and senior management experience. Having trained with KPMG, he then spent over 20 years with Johnson Matthey plc, a FTSE 100 global business and was the Executive Director, Corporate Development from 1999 to 2009. His career has involved general and financial management as well as corporate governance and he has had M&A experience in all parts of the world.

David currently chairs the Advisory Board of Conduit Ventures Limited and also the Advisory Board of Imperial College London, Department of Chemistry. He is Deputy Chairman of the Supervisory Board of SFC Energy AG and a Non Executive Director of Nord Gold NV, a gold mining company. He is also chairman of Econic Technologies Ltd and a director of Phosphonics Ltd, both of which are high-tech university spin-outs. Previously, he was a Non Executive Director of Riversoft Plc from 2000 to 2002. He has chaired three Audit Committees.

Tim Ross, Chairman of Hargreaves Services plc said: "We are very pleased to welcome David to the Board. His extensive experience will bring significant benefits as the Group looks to expand its UK and global activities".

Mr David Morgan is a director of the following companies:

Nord Gold NV

SFC Energy AG

Phosphonics Ltd

Econic Technologies Ltd

Mr Morgan has also held the following directorships within the last 5 years:

Johnson Matthey plc

Johnson Matthey (CM) Limited

Johnson Matthey America Holdings Limited

Johnson Matthey Precious Metals Limited

Johnson Matthey Investments Limited

Fuel Cell Today Limited

Macfarlan Smith Limited

Davy Process Technology Limited

Cascade Biochem Limited

Avocado Research Chemicals Limited

Johnson Matthey Fuel Cells Limited

Alfa Aesar China Limited

Synetix Limited

Acma Limited

Katalco Limited

Tracerco Limited

Panelforth Limited

Davy Process Technology International Limited

Matthey Holdings Limited

VSF Resin & Varnish Limited

Meconic Limited

Matthey Finance Limited

Endeka Ceramics Overseas Holdings

Mr Morgan currently has no shares in the Company. There are no further disclosures to be made in accordance with Schedule Two (g) of the AIM rules for companies.

For further details, please contact:

Hargreaves Services plc 0191 373 4485

Gordon Banham, CEO

Iain Cockburn, Group Finance Director

N+1 Brewin (Nominated Advisor and Joint Broker) 0845 213 1000

Sandy Fraser/ Nick Owen

RBS Hoare Govett (Joint Broker) 0207 678 8000

Sara Hale / Harry Nicholas