PHTM.L Regulatory News (PHTM)

6 April 2021

Photo-Me International PLC

(the "Company")

 Directorate Change

The Company announces that Mr Yitzhak Apeloig has today tendered his resignation as a Non-executive director of the Company to take effect no later than 30 April 2021, the date of the Company's next annual general meeting.

Yitzhak Apeloig was appointed to the Board of the Company in March 2012 and was last re-appointed by shareholders in October 2018. Mr Apeloig was appointed to the Audit Committee in October 2018.

Sir John Lewis, Chair of the Company's Board, said:

'It is with regret that I announce the resignation of Tsachie Apeloig as a Non-executive director of the Company.

'Over the years that he has held office, Tsachie has contributed enormously to the working and effectiveness of the Board, and is held in high esteem by all his colleagues. He will be much missed.

'My fellow directors and I wish to thank Tsachie for his hard work over the years, and to wish him well in the future.'

Enquiries:

Notes to Editors

Photo-Me International plc (LSE: PHTM) operates, sells and services a wide range of instant-service vending equipment, primarily aimed at the consumer market.

The Group operates vending units across 17 countries and its technological innovation is focused on three principal areas:

The Group entered the self-service fresh fruit juice equipment market in April 2019, with the acquisition of Sempa. This will become a key business area alongside Identification, Laundry, and Kiosks, and will be a significant part of the Group's future growth strategy.

In addition, the Group operates other vending equipment such as children's rides, amusement machines, and business service equipment.

Whilst the Group both sells and services this equipment, the vast majority of units are owned, operated and maintained by Photo-Me. Photo-Me pays the site owner a commission based on turnover, which varies depending on the country, location and the type of the machine.

The Group has built long-term relationships with major site owners and its equipment is generally sited in prime locations in areas of high footfall such as supermarkets, shopping malls (indoors and outdoors), public transport locations, and administration buildings (City Halls, Police etc.). Equipment is maintained and serviced by an established network of 700 field engineers.

The Company's shares have been listed on the London Stock Exchange since 1962.