Luceco Plc Regulatory News (LUCE)

14 October 2021

Luceco plc

(the "Company", "Luceco")

Director Declaration and Board Committee Changes

Pursuant to Listing Rule 9.6.14(2), Luceco plc announces that Caroline Brown, a Non-Executive Director of the Company was appointed as a Non-Executive Director of W.A.G Payment Solutions plc ("W.A.G") with effect from 7 September 2021. W.A.G was admitted to the premium listing segment of the London Stock Exchange on 13 October 2021.

As a result of her appointment to W.A.G, Caroline Brown has stepped down as a member and Chair of Luceco's Audit Committee with effect from 13 October 2021 but will continue to serve as a Non-Executive Director.

Will Hoy, a Non-Executive Director of the Company, will become Chair of the Audit Committee and Pim Vervaat, the Senior Independent Director, will join as a member of the Audit Committee both with effect from 13 October 2021.

The Company's Committees shall be comprised thereafter as follows:

· Audit Committee: Will Hoy (Chairman), Tim Surridge, Pim Vervaat.

· Remuneration Committee: Tim Surridge (Chairman), Caroline Brown, Pim Vervaat.

· Nomination Committee: Giles Brand (Chairman), Caroline Brown, Pim Vervaat.

· Disclosure Committee: Giles Brand (Chairman), John Hornby, Matt Webb.

Giles Brand, Chairman, commented:

"On behalf of the Board, I would like to thank Caroline for her diligent stewardship of the Audit Committee over the five years since IPO. I am delighted that she will remain on the Board, allowing us to continue to benefit from the invaluable experience and perspective offered by her other non-executive positions.

I would also like to congratulate Will Hoy on his appointment as our new Audit Committee Chair and am confident in a smooth transition to a very capable successor."

- ENDS -

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Business summary

Luceco is a manufacturer and distributor of high quality and innovative wiring accessories, LED lighting and portable power products for a global customer base.

The Group supplies trade distributors, retailers, wholesalers and project developers with a wide range of products which broadly fall into the following market recognised brands:

· British General ("BG"): wiring devices including switches and sockets, circuit protection and cable management products;

· Luceco and Kingfisher Lighting: energy efficient internal and external LED lighting products and accessories; and

· Masterplug: cable reels, extension leads, surge protection, timers and adaptor products;

Luceco's long-established BG brand commands a loyal following amongst professional electrical contractors in both the UK and overseas. It is synonymous with quality, safety, innovation and value for money. The production of BG wiring accessories is the main focus of the Group's Chinese manufacturing facility, allowing it to control product quality, cost and availability.

The Luceco and Kingfisher LED lighting brands combine to present a comprehensive range of indoor and outdoor LED lighting solutions that is well positioned to benefit from growth in the net zero economy. The range focuses largely on professionally installed products with an emphasis on performance and quality. The Group is able to support these products by offering customers access to its in-house installation design team.

Masterplug is the market leading brand in the UK Portable Power category. It is sold largely to consumers through retail distribution and online. Its products are offered in a wide range of global electrical standards and they are sold in every territory in which the Group operates.

Further information on the Group can be found on www.lucecoplc.com.