TED.L Regulatory News (TED)

Ted Baker Plc

("Ted Baker") (the "Group")

Lindsay Page

Ted Baker announces that the Board has accepted Lindsay Page's resignation as Chief Executive Officer and that Rachel Osborne has agreed to become Acting Chief Executive Officer with immediate effect.

The Board has accepted Lindsay's offer to support a number of ongoing initiatives and assist an orderly transition of his role. The search for a new Chief Executive Officer will commence in January 2020.

Lindsay joined the Group in 1997 from Arthur Andersen prior to the Company's IPO. When Lindsay joined the Company, Ted Baker had six shops and one concession in the UK and a turnover of £14m. Alongside the brand's founder, Ray Kelvin CBE, Lindsay has played a key role in Ted Baker's expansion into a truly international brand with a presence in 50 countries.

Lindsay Page commented: "I would like to thank everyone at Ted Baker whom I have had the pleasure of working with since 1997. In particular, I am grateful for the team's support over the last 12 months.

"I would also like to take this opportunity to thank Ray Kelvin for the opportunity he gave me 22 years ago to join this fantastic brand and help to achieve his vision of creating a truly international business. I am very proud of everything the team at Ted Baker has achieved together.

"Ted Baker continues to be a very strong global brand and I wish Rachel Osborne and the rest of the team every success in achieving further growth."

Sharon Baylay, Acting Chair, commented: "The Board would like to recognise and thank Lindsay for his significant contributions to Ted Baker over the last 22 years. Lindsay played a key role throughout the development of Ted Baker into an international brand."

Details of the remuneration payments to be made to Lindsay Page, in accordance with section 430(2B) Companies Act 2006, will be published shortly on Ted Baker's website (www.tedbakerplc.com).

This announcement contains inside information. The person responsible for arranging the release of this announcement on behalf of the Company is Peter Hearsey-Zoubie, General Counsel & Company Secretary.

This announcement contains certain forward-looking statements. These forward-looking statements include matters that are not historical facts or are statements regarding the Group's intentions, beliefs or current expectations concerning, among other things, the Group's results of operations, financial condition, liquidity, prospects, growth, strategies, and the industries in which the Group operates.

Forward-looking statements are based on the information available to the Directors at the time of preparation of this announcement, and will not be updated. The Directors can give no assurance that these expectations will prove to have been correct. Due to inherent uncertainties, including both economic and business risk factors underlying such forward looking information, actual results may differ materially from those expressed or implied by these forward-looking statements.