Mccoll's Regulatory News (MCLS)

24 March 2016

Board Changes

McColl's Retail Group Plc, ("McColl's" or "the Company") today announces the following changes to its Board.

As previously reported, James Lancaster, who co-founded the business in 1973, will step down from the role as Chief Executive and following consultation with key shareholders will take over as Non-Executive Chairman until April 2017. James successfully led a management buyout of the business in 1995, a secondary buyout in 2005, numerous acquisitions and the IPO in 2014. James has been instrumental in the growth of McColl's and, given his extensive experience and retail knowledge, the Company are delighted to retain his expertise on the Board.

Following a rigorous and extensive candidate search, the Board are pleased to announce the appointment of Jonathan Miller as Chief Executive. Jonathan first joined McColl's in 1991 and has been Chief Financial Officer since 2004, as well as leading store development, human resources and IT. He has had a long and successful career at the Company with a proven track record of delivering results in key areas of the business. He has extensive knowledge of McColl's, a deep understanding of convenience retail and a real desire to lead the continued development of the business.

Simon Fuller will take over as Chief Financial Officer. Simon has significant experience, gained across a range of senior financial roles, having worked with boards within a number of different listed organisations. Simon has considerable retail knowledge and expertise, across distribution, supply chain, retail operations, on-line and trading. This was principally gained during his time with Tesco plc, where he held a variety of Finance Director roles.

To further strengthen the Board, Angus Porter has been appointed as a Non-Executive Director. Angus brings particular expertise in customer insight and marketing. Angus is Chief Executive of the Professional Cricketers Association until March 2016. He has held numerous executive and non-executive roles, including senior roles within Mars Confectionery Ltd and he was also Managing Director at BT Group Plc. He is currently Senior Independent Director of Punch Taverns Plc, Co-Chairman of Direct Wines Ltd and a Non-Executive Director of TDC A/S.

Following the above changes the composition of the Committees will be:

All of the above changes shall take effect from 1st April 2016.

In line with Corporate Governance best practice, the Company also plans to appoint one of the Non-

Executives Directors as Senior Independent Director.

Jonathan Miller, current CFO and future CEO, said:

"It is a great privilege to be appointed as Chief Executive of McColl's. I am looking forward to working with the many talented people across the Company as we continue to grow our convenience presence in neighbourhoods across the UK. My focus will be to put our customers at the heart of everything we do and to fully align our organisation to deliver this."

Sharon Brown, Interim Chairman, said:

"We are delighted and excited about these Board changes and the resultant strength of both the Executive and Non-Executive Board. We are confident that this new Board will enable McColl's to achieve its strategic objectives and maximise new opportunities. I would like to personally wish James, Jonathan, Simon and Angus much success in their new roles."

James Lancaster, current CEO and future Chairman, said:

"After many years building the Company, I am very pleased to be taking on the mantle of Non-Executive Chairman. Building from Jonathan's appointment as CEO, we will continue to have a strong management team to take the business forward. I look forward to leading the Board and our new CEO leading the Company."

There is no further information to be disclosed in accordance with Listing Rule 9.6.

- ENDS -

Please visit www.mccolls.co.uk or for further information, please contact:

McColl's Retail Group plc +44 (0)1277 372 916

Sharon Brown, Interim Chairman

Jonathan Miller, current Chief Financial Officer and future Chief Executive

Media Enquiries +44 (0)20 7404 5959

Brunswick

Anita Scott

Cerith Evans