Inspecs Group Regulatory News (SPEC)

29 May 2020

Inspecs Group plc

("Inspecs" the "Company" or "the Group")

Annual Report and Notice of Annual General Meeting

Inspecs Group plc, a designer, manufacturer and distributor of eyewear frames to global retail chains, announces that the Annual Report and Accounts for the year ended 31 December 2019 has been distributed to shareholders together with the Notice of the Annual General Meeting ("AGM") to be held at 11:00am on 30 June 2020 at the Group's Head Office, 7-10 Kelso Place, Upper Bristol Road, Bath BA1 3AU.

Given the ongoing COVID-19 pandemic, shareholders are hereby notified that, in accordance with the Government's prohibition on non-essential travel and public gatherings, it will not be possible for shareholders to attend the AGM in person. The Board expects only a very limited number of Directors and employees to be in attendance at the AGM to ensure a quorum and to conduct the business of the meeting.

However, the Board recognises that the AGM provides an important opportunity to engage with shareholders. Inspecs has therefore put in place measures to enable shareholders to follow proceedings of the meeting via a conference call facility, if they wish to do so. Consequently, the Board requests that any shareholders who wish to participate at the AGM please contact the Group before 11:00am on 26 June 2020 by emailing Investor.Relations@inspecs.com and expressing their wish to join the conference call. To receive the joining instructions, shareholders will need to provide evidence of their holdings or a copy of a representation letter. The Company will carry out identity verification checks with its Registrar and once these are complete, joining instructions will be provided in advance of the AGM.

Due to the inability of shareholders to attend the meeting in person, the Board strongly encourages shareholders to vote on all resolutions by completing a proxy form appointing the chairman of the meeting as proxy, to register any questions in advance and not to attend the meeting in person.

Further details are available in the Notice of the Annual General Meeting and on the Group's website. The results of voting will be announced following the conclusion of the Meeting and will also be available on the Group's website.

A copy of the Annual Report and Accounts and Notice of AGM is available on the Group's website at: https://inspecs.com/investors/

For further information please contact:

About Inspecs Group plc

Inspecs is a designer, manufacturer and distributor of eyewear frames. The Group produces a broad range of frames, covering optical, sunglasses and safety, which are either "Branded" (either under licence or under the Group's own proprietary brands), or "OEM" (including private label on behalf of retail customers and un-branded). As one of only a few companies that can offer this one-stop-shop solution to global retail chains, Inspecs is well positioned to continue to take market share in the globally expanding eyewear market.

Inspecs customers include global optical and non-optical retailers, global distributors and independent opticians, with its distribution network covering over 80 countries and reaching approximately 30,000 points of sale. In FY19, the Group generated 24.9 per cent. of its revenue in the UK and 75.1 per cent. internationally.

Today Inspecs has operations across the globe: with offices in the UK, Portugal, Scandinavia, the US and China (Hong Kong, Macau and Shenzhen), and manufacturing facilities in Vietnam, China, London and more recently, Italy.

The Group's growth strategy going forward is to: (i) continue to grow organically; (ii) undertake further acquisitions (and drive value through leveraging the Group's internal capabilities); and (iii) extend the Group's manufacturing capacity.

More information is available at: https://inspecs.com