Sutton Harbour Holdings Regulatory News (SUH)

FOR IMMEDIATE RELEASE

23 January 2018

Sutton Harbour Holdings plc

Changes to Board of Directors

Following the closing of the Partial Offer by FB Investors LLP ("FB Investors") and as described in the joint announcement of 23 December 2017, Sutton Harbour Holdings plc ("SHH") announces that Philip Beinhaker has been appointed as non-executive Chairman of the Board of SHH, replacing its previous non-executive Chairman, Graham Miller. Graham will remain as a non-executive director of SHH alongside Sean Swales.

As previously set out, Philip is one of two individuals on the executive committee of FB Investors. He served as co-founding partner and CEO of IBI Group, a world-leading firm in architecture, engineering and project management from its formation in 1974 until 2004. In 2004, Philip Beinhaker led the company's flotation on the Toronto Stock Exchange and became the sole CEO and Chairman Director. In 2013, Philip Beinhaker retired from the position of CEO and then served as a senior director of IBI Group Management Partnership until 31 December 2017. He continues to lead some major projects on behalf of the firm.

Philip Beinhaker, through the Beinhaker group of companies has led numerous real estate developments as development manager, developer and principal throughout Canada, the United States, Israel, Germany and other locations.

Robert De Barr has also resigned from the Board of SHH. As referred to in previous announcements, Robert will continue to provide consultancy services to SHH in connection with the development of Sugar House and in relation to certain other major real estate projects.

Philip Beinhaker, Chairman of SHH, commented: "I am excited to become the new Chairman of SHH following completion of the Partial Offer and to work with the existing management team to enhance the value of the Company's assets for the benefit of shareholders and Plymouth. I am delighted that Graham will continue to serve as a director, as this will provide essential continuity, and that we are able to retain Robert as a special adviser."

Additional Information

In accordance with the AIM Rules, the following information required to be disclosed in relation to Philip Beinhaker, aged 76, is set out below. Other than this information, there is no further information required to be disclosed under paragraph (g) of Schedule Two of the AIM Rules.

Current Directorships

Gestion Soroma Ltee

Future Habitat Limited

Beinhaker Design Services Limited

Beinhaker Limited

Previous Directorships

IBI Group

CHB-IBI Group Inc

Daniel Arbour & Associates (DAA) Inc

Nightingale Architects Limited

IBI Holdco Limited

IBI Taylor Young Limited

IBI Taylor Young Holdings Limited

IBI Taylor Young Urban Design Limited (dissolved by voluntary strike off)

IBI Taylor Young Architecture Limited (dissolved by voluntary strike off)

Tsiun Derech Limited

Jerusalem Gardens Development (currently in voluntary liquidation)

Akiva B.Z. Developments Ltd (dissolved by voluntary liquidation)

FB Investors (whose members are Beinhaker Design Services (an investment company of the Beinhaker family) and 1895 Management Holdings Company) owns 76,715,994 shares in Sutton Harbour Holdings plc following completion of the Partial Offer.