Utilitywise Regulatory News (UTW)

Utilitywise plc

("Utilitywise" or the "Group")

Board Changes

The Board of Utilitywise plc (AIM:UTW), the leading independent utility cost management consultancy, regrets to announce that Andrew Richardson, Deputy CEO, has tendered his resignation in order to allow him to take a break from work and to pursue other interests. Andrew will be undertaking an orderly handover of his responsibilities over the coming months.

Separately, the Group is delighted to welcome Steven Atwell, aged 46, to the Board as the Managing Director of our Enterprise Division. Steve brings with him significant experience of the small and medium-sized business (SMB) market space, joining Utilitywise from Sage Group plc where he spent 25 years in various senior leadership roles including, more recently, Managing Director of Sage's SMB business across the UK & Ireland.

Geoff Thompson, Chief Executive of Utilitywise, commented:

"Whilst it is regretful that Andrew Richardson has decided to leave the business, the Board would like to thank him for his significant contribution to the growth of the business over the past six years and wish him the best of luck for the future.

"At the same time, I am pleased to be able to announce the appointment of Steve Atwell to the Board as Managing Director of the Enterprise Division. Steve has a great deal of relevant experience and I'm confident his leadership and insight will be of enormous value to the Group as it moves into its next phase of growth."

There is no further information on Mr Atwell required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

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About Utilitywise

Utilitywise is a leading independent utility cost management consultancy based in North Tyneside. The Group has established trading relationships with a number of major UK energy suppliers and provides services to its customers designed to assist them in achieving better value out of their energy contracts, reduced energy consumption and lower carbon footprint.

Businesses large and small rely on Utilitywise for their energy management needs. Clients range in size from single site SME's to multinationals with thousands of sites and cover the whole of the UK. In total, Utilitywise has c26,000 customers and manages an overall energy consumption of approaching 20 terra watt hours per annum.