Restore Regulatory News (RST)

13 December 2018

Restore plc

("Restore" or "the Company")

Directorate Changes

Restore plc, the AIM-listed UK office services provider, announces the following changes to its Board of Directors ("the Board"):

Chief Executive succession

Charles Skinner has notified the Board of his intention to retire as Chief Executive on 31 March 2019 after 10 years in the role. He will be succeeded by Charles Bligh, who will work alongside Charles Skinner from early March 2019. He will join the Board on 11 March 2019 and assume the role of Chief Executive on 1 April 2019.

Charles Bligh was most recently Chief Operating Officer and main board director at TalkTalk Telecom Group plc, which he joined in 2011. He previously spent 20 years at IBM Corporation in various countries, culminating in his role as Vice President, Commercial Sector in UK and Ireland. He graduated from the University of Melbourne in 1989.

Non-Executive Directors

Susan Davy has been appointed Non-Executive Director with effect from 1 January 2019. Susan has been Chief Financial Officer at Pennon Group plc since 2015, having previously been Finance and Regulatory Director at South West Water. From 1 April 2019 she will become Chair of the Audit Committee, taking over the role from Stephen Davidson, who will step down from the Board on that date after having served for 5 years.

Sharon Baylay, currently Chair of the Company's Risk Committee, has additionally assumed the role of Senior Independent Director ("SID") with immediate effect. Sharon is the Company's first SID.

Other than the information contained in this announcement, there is no further information required to be disclosed under Rule 17 and Schedule Two, paragraph (g) of the AIM Rules.

Martin Towers, Restore Chairman, said:

"Charles Skinner has been instrumental in transforming Restore from a shell company into one of the most successful constituents of AIM and an important and exceptionally well-positioned provider of UK office services. I would like to thank him on behalf of the Board for his enormous contribution over the past 10 years.

I am delighted that we have secured Charles Bligh as our new Chief Executive and believe he is exactly the right person to build on Charles Skinner's legacy and to take advantage of Restore's platform for further growth.

I am also delighted to welcome Susan Davy to the Board and look forward to working with her. Stephen Davidson will be much missed for his wise counsel and incisive contributions and we wish him well for the future."

For further information please contact:

Disclosures required by Schedule 2(g) of the AIM Rules for Companies:

Charles Edward Bligh (age 50)

Susan Jane Davy (age 49)