Mothercare Regulatory News (MTC)

MOTHERCARE PLC

Directorate Change

Mothercare plc, the leading global retailer for parents and young children, today announces that Alan Parker has retired from his position as Non-Executive Chairman. Clive Whiley has been appointed Mothercare's Interim Executive Chairman, with immediate effect.

The Board thanks Alan for his calm leadership through a challenging period, his support and encouragement for the Board and the significant contribution he has made to Mothercare over the years. We wish him well for the future.

David Wood, Mothercare's CEO, commented,

"Mothercare is currently facing a number of challenges, not least a highly competitive retail environment. We recognise the clear needs ahead of us as we pursue our refinancing to allow us to complete our transformation plan.

Clive's appointment comes with the support of a number of our key shareholders and strengthens Mothercare's leadership with specific refinancing and restructuring experience. He has the skills required to help stabilise the business and take it forward."

Alan Parker, Mothercare's retiring Chairman, commented,

"After completing six years as Chairman, I feel the time is right to hand over the chairmanship of Mothercare to Clive. His experience of successful restructuring and refinancing will help steer Mothercare through its next phase. I am very pleased that he is taking on the role and wish him, the Board and Mothercare's management team every success in the future."

Clive Whiley, Mothercare's interim Chairman, commented,

"I am pleased to have been invited to become Interim Executive Chairman of Mothercare, a business with an undoubted heritage and an exciting future both in the UK and internationally. Given the pressures the business is under, I greatly value the support already shown to me and the business by our financing stakeholders - including our shareholders, banking partners and pension fund trustees - and I will work tirelessly for them to return this business to its rightful place.

Working with the team in Watford and our franchise partners around the world, I will endeavour to return Mothercare to a sound financial footing and deliver a successful plan to improve performance on behalf of all of Mothercare's stakeholders."

ENDS

Investor and Analyst enquiries to:

Mothercare plc

David Wood, Chief Executive Officer 01923 206037

Glyn Hughes, Chief Financial Officer 01923 206037

Media enquiries to:

MHP Communications:

Simon Hockridge / Tim Rowntree 020 3128 8789

Notes:

1. This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

2. The person responsible for the release of this announcement is Alice Darwall, Group General Counsel and Company Secretary at Mothercare plc, Cherry Tree Road, Watford, Hertfordshire, WD24 6SH.

3. LEI number of Mothercare plc: 213800ZL6RPV9Z9GFO74.

4. Mothercare presents the following information regarding the appointment of Clive Peter Whiley, aged 57:

Current directorships and/or partnerships:

The Stanley Gibbons Group Plc

Mallett Inc

Camper & Nicholsons Marina Investments Limited

China Venture Capital Management Limited

Evolution Securities China Limited

First China Venture Capital Limited

Grand Harbour Marina plc

Y-LEE Limited

Former directorships and/or partnerships (within the last five years): None

Details of voluntary liquidations:

On 30 October 2000, the directors of XLIV Limited (formerly Brimley & Co., a company of which Clive Whiley had been a non-executive director in 1999) voluntarily appointed a liquidator. No costs or dividends were expected to be borne or accrue to the parent company, Hemscott.net (formerly named Bridgend Group PLC), a company of which Clive Whiley had been an executive director in 1999.

At the date of this announcement, Mr Whiley has a beneficial interest, via Zodiac Executive Pension Scheme of which he is the sole beneficiary, in 50,000 ordinary shares in Mothercare.

This announcement is made pursuant to Listing Rule 9.6.11R. There are no other details required to be disclosed under Listing Rule 9.6.13R. There are no further disclosures required under the Disclosure and Transparency Rules.

5. Clive Whiley will be paid a base salary of £480,000 per annum. The Board will consider Mr. Whiley's eligibility to participate in the Company's bonus scheme, on a basis which is in line with the Company's remuneration policy, subject to agreement on objectives. Mr. Whiley will not receive any benefits in addition to his salary. The term of Mr. Whiley's engagement will be for a minimum of 9 months, and the notice period under his contract will be 3 months (for both Mr. Whiley and the Company).