Sutton Harbour Holdings Regulatory News (SUH)

1 July 2025

Sutton Harbour Group plc ("Sutton Harbour" or the "Company")

Update on Asset Sales, Bank Facility Amendment and Board Changes

Sutton Harbour is pleased to announce that it has completed two further asset disposals, an amendment to its bank facility and board changes.

Property Sales

The Company has completed the sales of two further Sutton Harbour assets, being for aggregate gross proceeds of £2.675m and achieving 80% of the independent valuations as at 31 March 2024, before selling costs. From the net proceeds received by Sutton Harbour, £2.190m has been paid to reduce the Company's bank loan to £18.065m.

The Company continues to actively manage its asset sale programme in order to further reduce the bank loan and will provide further updates in due course.

Bank Facility Amendment

National Westminster Bank plc has agreed to a further extension to the repayment dates of the Company's bank loan to allow asset sales to complete and additional bank loan repayments to be made. Further to the Company's announcements of 20 January 2025 and 21 March 2024, the amended bank loan agreement requires £6.5m to be repaid by 30 September 2025 , thereby reducing the bank loan to £11.565m from the disposal of assets, including King Point Marina. The facility's maturity date remains as 30 December 2026.

Board Changes

Further to the Company's announcement of 5 June 2025, Graham Miller, Senior Independent Non Executive Director has retired and stepped down from the Board, after 12 years of service, with effect from today. The Board thanks Graham for his contribution over a long term of office, including five years as Chair until 2018.

The Company is pleased to announce the appointment of Paul Shackleton as Independent Non-Executive Director, with immediate effect. Mr Shackleton will be taking on the roles previously held by Mr Miller, including Chair of the Audit Committee.

Mr Shackleton is an experienced London based corporate finance adviser and broker who, since 1996, has specialised in both domestic and international AIM traded companies, including advising companies in the role of Nominated Adviser. He brings a wealth of knowledge and experience, particularly in transactions, fund raising, Corporate Governance and Regulation. He is currently the Non-Executive Chairman of GCM Resources plc and a Non-Executive Director of Rurelec plc. Mr Shackleton is familiar with the Company, having previously advised the board on corporate and regulatory matters.

Philip Beinhaker, Executive Chairman, said:

"We are delighted to welcome Paul to the board and look forward to his fresh insight into the Company's activities and future strategy."

Additional Disclosures

The following information is disclosed pursuant to Schedule 2(g) of the AIM Rules for Companies in relation to Mr Paul Roger Anthony Shackleton (aged 56):

Paul Shackleton holds no shares in the Company.

For further information, please contact:

Notes to Editors

Sutton Harbour Group plc (AIM: SUH) is an AIM quoted company specialising in marine operations, waterfront regeneration and destination creation in Plymouth and South West England.

The Company operates Sutton Harbour Marina, King Point Marina and Plymouth Fisheries. Operational activities include mixed-use lettings, car parking and support services to harbour users, property management and regeneration and asset enhancement.

Sutton Harbour is committed to being the leading marine and waterfront regeneration specialist in Southern England, and to positioning Sutton Harbour in Plymouth as a destination of national interest.