STOB.L Regulatory News (STOB)

23 May 2011

Stobart Group Limited

Directorate Change

Further to the Company's preliminary results announced today, the Company makes the following announcement in compliance with Listing Rule 9.6.13R in respect of Alan Kelsey, Paul Orchard-Lisle and David Beever who have been appointed to Stobart Group Board as Non-Executive Directors, with immediate effect.

Alan Howard Mitchell Kelsey, aged 62, has forty years' experience in the City and industry, with a strong focus on the Transport sector. His banking roles included Deputy Head of Corporate Finance at Smith New Court (which became Merrill Lynch) and Co-Head of Corporate Broking and Global Head of the Transportation Industry Group at WestLB Panmure. He spent fifteen years at RBC Dominion Securities International and Kitcat and Aitken and in that time was the top ranked investment analyst for the Transport sector.

He was Group Corporate Development Director at National Express Group PLC, where he was one of the executive directors and was a non-executive director at PD Ports PLC where he was the senior independent director. He is currently Chairman of Nord Anglia Education Ltd (having previously been Chairman of Nord Anglia plc) and is a Fellow of the Chartered Institute of Logistics and Transport.

Paul David Orchard-Lisle, aged 72, has nearly fifty years' experience in the property sector. He joined Healey & Baker in 1961 where he was Head of Investment between 1986-1998 and Senior Partner between 1987-1999. He oversaw the Company's merger with Cushman & Wakefield in 1998, forming a global company, covering the entire commercial property spectrum with a turnover in excess of $700m.

Paul was previously President of The Royal Institution of Chartered Surveyors and Chairman of Slough Estates (now Segro plc) and executive chairman of the Falcon Property Trust. He is Chairman of Standard Life Investments Property Income Trust and a Director of Powerleague Limited, as well as Chairman of Apache Capital LLP and a Senior Advisor to Patron Capital.

David Milton Maxwell Beever is a former Vice Chairman of S G Warburg and Co. where he was Head of Financing and handled major corporate finance transactions for UK and International companies. He then joined KPMG where he was a member of the UK Board and Chairman, UK and International. Corporate Finance. He is currently the Senior Independent Director of Premier Foods plc. He has previously been Chairman of Volex Group plc and London and Continental Railways Ltd. He was also a Non-Executive Director of Paragon Group of Companies, JJB Sports, Northern Electric, TLS Group and Servomex plc. He is a member of the Board of Trustees, University of London, and a Vice Chairman of Royal Holloway College, London University.

Rodney Baker-Bates, Chairman of Stobart Group, commented, "We referenced our intention to strengthen the Board in the recent placing and open offer prospectus. Each of our new Non-Executive Directors brings a wealth of relevant experience which will benefit the company as well as helping us to best represent our shareholders' interests. They are joining the Board at an exciting time for Stobart, as the Group enters a new strategic phase aimed at improving the profitability of the core logistics business; seeking to unlock value in its estates assets, and build up new businesses in Air and Biomass.""

Alan Kelsey has been appointed as the Senior Independent Director. Appointments of the Non-Executive Directors to the Group's Board committees will be confirmed at the Group's next Board meeting in June.

There is no other information required to be disclosed pursuant to Listing Rule 9.6.13R in respect of Alan Kelsey, Paul Orchard-Lisle and David Beever.

ENQUIRIES:

Influence 0207 2879610

James Andrew 07772 534 985

Halkin Communications

Jessica Shepherd-Smith 07787 518 262

Katie Bell 07887 822 221

Stobart Group 01925 605400

Andrew Tinkler, Chief Executive Officer

Ben Whawell, Chief Financial Officer