Time Out Regulatory News (TMO)

01 October 2020

Time Out Group plc

Appointment of David Till to the Board of Directors

Time Out Group plc is pleased to announce the appointment of David Till as a Non-Executive Director of its Board, with immediate effect. David is a qualified chartered accountant, senior partner of Oakley Capital Limited and has a wealth of experience in, operations, M&A, finance and due diligence.

Further Information: Disclosure required pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies

The names of all companies and partnerships of which David John Till, aged 56, has been a director or partner at any time in the previous five years are set out below:

*currently in dissolution

**in solvent liquidation prior to dissolution

David was the finance director of Crown Products Group plc between November 1995 and January 1998 and a director of its subsidiary, Endbourne 1 Limited. Both of these companies entered into administrative receivership in 1998 with an overall creditor shortfall of approximately £7.5 million. David Till was also a non-executive director of Warner Brothers Studio Stores Limited, which was placed into administration in 2004 with a creditor shortfall of approximately £7.5 million.

David personally holds 214,280 ordinary shares in Time Out. David is also:

a) An Alternate Director of Oakley Capital Investments Limited ("OCI") which holds 23.81% of the Company's issued share capital. OCI is a listed investment vehicle that invests in Oakley Capital Private Equity L.P. ("OCPE");

b) A Director of Oakley Capital Limited, the investment adviser to OCPE, which holds 28.41% of the Company's issued share capital;

c) A Limited Partner in OCPE, which holds 28.41% of the Company's issued share capital;

d) An Alternate Director of Oakley Capital (Bermuda) Limited, which acts as manager of OCPE.

Save as set out in this announcement, there are no further details to be disclosed under Rule 17 or Schedule 2(g) of the AIM Rules for Companies in respect of Mr Till.

Notes to editors

About Time Out Group plc

Time Out Group is a global media and leisure business that helps people explore and experience the best of the city through its two divisions - Time Out Media and Time Out Market. Time Out launched in London in 1968 with a magazine to help people discover the exciting new urban cultures that had started up all over the city. Today, the Group's digital and physical presence comprises websites, mobile, magazines, live events and Time Out Market. Across these platforms Time Out distributes its curated content - written by professional journalists - around the best food, drink, culture, entertainment and travel across 327 cities in 58 countries. Time Out Market is a food and cultural market which brings the best of the city under one roof: its best chefs, drinks and cultural experiences - based on editorial curation. The first Time Out Market opened in Lisbon in 2014 and Miami, New York, Boston, Montreal and Chicago followed in 2019 with a further pipeline in other global locations. Time Out Group, listed on AIM, is headquartered in the United Kingdom.