Restore Regulatory News (RST)

5 September 2023

Restore plc

("Restore" or the "Group" or "Company")

Board Changes

Restore plc (AIM: RST), the UK's leading provider of digital and information management and secure lifecycle services, is pleased to announce the appointment of Charles Skinner as its Chief Executive Officer and as a Board director with immediate effect. Charles takes over from Jamie Hopkins, who has been Interim Chief Executive Officer since 4 July 2023. Jamie will continue as an Executive Director, to facilitate an orderly handover of duties and also to maintain continuity for the Board and shareholders during this transitionary period. Sharon Baylay-Bell will step down from her role as Executive Chair and resume her previous role as Non-Executive Chair with immediate effect.

Charles' appointment follows a thorough search for the best candidate using an executive search agency. Charles was Chief Executive Officer of Restore between 2009 and 2019 and has a very strong track record in the business-to-business services sector with over 30 years of senior management experience in listed companies, twenty years of which were as Chief Executive. Prior to his ten years as Chief Executive Officer of Restore, Charles was Chief Executive Officer of Brandon Hire plc and Chief Executive Officer of Johnson Service Group plc.

Sharon Baylay-Bell, Chair of Restore, commented: "The Board remains confident in the Company's market positioning, fundamental strengths and prospects given growing demand for best-in-class data management services that protect critical proprietary information and assets for organisations across all sectors.

We are very pleased to appoint Charles and he brings a wealth of experience and an unrivalled understanding of Restore which will enable him to hit the ground running. Whilst Jamie will continue to play an important role as an Executive Director over the coming months, we wish to thank him for his brief but highly valued tenure as Interim CEO and look forward to working with Charles to deliver maximum value for all our stakeholders."

Charles Skinner, Chief Executive Officer of Restore, commented: "It is an honour to take on the role of CEO and I look forward to working with the Board to maximise the opportunities that the Group has, supported by its long-term contracted revenue base and the attractiveness of its core proposition."

For further information please contact:

Restore plc www.buchanancomms.co.uk

Via Buchanan +44 (0) 207 466 5000

Investec (Nominated Adviser and Joint Broker) www.investec.com

Carlton Nelson +44 (0) 207 597 5970

James Rudd

Canaccord Genuity (Joint Broker, Corporate Advisor) www.canaccordgenuity.com

Max Hartley +44 (0) 207 523 8000

Chris Robinson

Citi (Joint Broker) www.citigroup.com

Stuart Field +44 (0) 207 986 4074

Luke Spells

Buchanan Communications (PR Enquiries) www.buchanancomms.co.uk

Charles Ryland +44 (0) 207 466 5000

Simon Compton

Jack Devoy

Disclosures required by Schedule Two, paragraph (g) of the AIM Rules for Companies

Charles Antony Lawrence Skinner (age 63)

As at the date of this announcement, Charles Skinner has a beneficial interest in 1,546,022 ordinary shares in the Company.

There are no further disclosures required pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies in respect of Charles Skinner's appointment to the Board.

Note: This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018) and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.