Marlowe Regulatory News (MRL)

Certain of the information contained within this announcement is deemed by the Company to constitute inside information as stipulated under The Market Abuse Regulation (EU 596/2014) pursuant to the Market Abuse (Amendment) (EU Exit) Regulations 2018. Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

17 February 2021

Marlowe plc

Capital Markets Day and Trading Update

Marlowe plc ("Marlowe" or the "Group"), the UK leader in business-critical services and software which assure safety and regulatory compliance, will be hosting a virtual Capital Markets Day at 10:00 a.m. today for institutional and retail investors and sell-side analysts.

At the event, senior executives and operational management will provide greater insight into the Group's businesses and operating model and set out a new divisional reporting structure that reflects the current scope of the Group. In addition, management will set out the Group's medium-term growth strategy including new financial targets.

- Three-Year Growth Target: The Group will set out its strategy for both organic and acquisition-led growth with the target of achieving revenue of c.£500 million and adjusted EBITDA of c.£100 million over the next three years. Run-rate revenue is currently £245 million and run rate adjusted EBITDA is currently £37 million.

- Updated Adjusted EBITDA Margin Target: The Group will be setting a new medium-term adjusted divisional EBITDA margin target of 20% (updated from previous 15% target) which it aims to achieve in the next three years. Run rate adjusted divisional EBITDA margin is currently c.16%.

- New Divisional Structure: Reflecting the transformation in scope, scale and quality of earnings of the Group, Marlowe will now report as the following two divisions:

o Governance, Risk and Compliance ('GRC') - providing Health & Safety, Employment Law/HR & Occupational Health assurance services and EHS, Compliance & eLearning software solutions.

o Testing, Inspection and Certification ('TIC') - providing recurring testing and inspection regimes across Fire Safety & Security, Water Treatment & Air Hygiene and Contractor Compliance.

The Group has continued to demonstrate its resilience in spite of the ongoing COVID-19 related lockdown restrictions. Trading in the second half remains strong and results* for the year ending 31 March 2021 are expected to be at the top end of current market expectations.

Participants can register for the live webcast using the following link:

https://www.investis-live.com/marloweplc/60080f942fb49a0a00420899/hwrt

A video replay of the event will be made available through the Marlowe website at www.marloweplc.com.

* Current analyst forecasts for FY21 adjusted EBITDA range from £23.6 million to £26.3 million (source: Reuters, 16 February 2021).

For further information:

About Marlowe plc

Marlowe is a UK leader in business-critical services and software which assure safety and regulatory compliance. The company was formed to create sustainable shareholder value through the acquisition and development of businesses that provide regulated safety and compliance services. It is focused on health & safety, compliance software, employment law & HR compliance, fire safety, security, water treatment & air hygiene and occupational health services - all of which are vital to the wellbeing of its customers operations and are invariably governed by regulation. Marlowe currently provides services to over 15% of Britain's commercial premises and is increasingly attractive to customers who require a single outsourced, nationwide, provider of a comprehensive range of regulated compliance and safety services. Our customers can be found in most office complexes, high streets & leisure facilities, manufacturing plants and industrial estates, and include thousands of SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.

Forward Looking Statements

This Announcement contains certain forward-looking statements with respect to certain of the Group's current expectations and projections about future events and the Company's future financial condition and performance. These statements, which sometimes use words such as "aim", "anticipate", "believe", "may", "will", "should", "intend", "plan", "assume", "estimate", "expect", "target", "anticipate", "could", "predict", "continue", "positioned", "risk" (or the negative thereof) and words of similar meaning, reflect the Directors' current beliefs, expectations and/or aspirations and involve known and unknown risks, uncertainties and assumptions, many of which are outside the Group's control and difficult to predict, that could cause actual results and performance to differ materially from any expected future results or performance expressed or implied by the forward-looking statement. Any forward-looking statements made in this Announcement by or on behalf of the Company speak only as of the date they are made. These forward-looking statements reflect the Company's judgment at the date of this Announcement and are not intended to give any assurance as to future results and cautions that its actual results of operations and financial condition may differ materially from those made in or suggested by the forward-looking statements contained in this Announcement and/or information incorporated by reference into this Announcement. Except as required by the FCA, the London Stock Exchange, the AIM Rules or applicable law, the Company expressly disclaims any obligation or undertaking to release publicly any updates, supplements or revisions to any forward-looking statements contained in this Announcement to reflect any changes in the Company's expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based, except where required to do so under applicable law.