Board Changes

11 July 2017

AIM: UNG

Universe Group plc

("Universe" or the "Group")

Board Changes

Universe Group plc (UNG.L), a leading developer and supplier of point of sale, payment and on-line loyalty systems, is pleased to announce with immediate effect the appointment of Daryl Paton as Chief Financial Officer of the Group. Bob Smeeton has resigned from his position as Group Finance Director, a position he held for nine years, during which he was instrumental in steering the company through its turnaround and subsequent development.

Mr. Paton joins Universe from Access Intelligence plc ("Access") where he has been Chief Financial Officer since February 2016. Prior to Access he was at CMO Global Limited and has held the position of CFO with a number of fast growing software and SaaS businesses in the Governance, Risk and Compliance, Media and Telecom sectors. These included public and privately held companies. In addition to his roles as Chief Financial Officer, he has held a range of operational positions and has a wealth of experience in M&A and other corporate finance activities.

Robert Goddard, Chairman of Universe said: "It is important to thank Bob for his valuable contributions to the Group and, on behalf of the entire Board, I wish him well with his future endeavours.

"We are very pleased to be able to appoint Daryl as Bob's replacement, the wealth of experience he has in both the public markets and M&A place him as the ideal candidate to help drive further value for shareholders."

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES

OF ARTICLE 7 OF EU REGULATION 596/2014

For further information:

About Universe Group plc

Universe provides some of the world's leading retailers with point of sale, payment and loyalty solutions. The Group's solutions are based on its own proprietary software and are offered out of the Cloud on a software as a service model with its data centres processing over 5 billion transactions every year. For further information, please see www.universeplc.com.

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:

Mr. Daryl Marc Paton, age 53 

Current Directorships / Partnerships:

None

Previous Directorships / Partnerships (held in the past five years):

CMO TOPCO LIMITED

CMO BIDCO LIMITED

CMO SOFTWARE LIMITED

CMO GLOBAL LIMITED

CMO HANDHELD SOFTWARE PTY LIMITED

CMO COMPLIANCE LLC

AIRCOM INTERNATIONAL LIMITED

Mr Paton was finance director of CMO Bidco Limited, CMO Software Ltd and CMO Global Limited before resigning from all three appointments on 28 November 2015. Mr Paton had no subsequent involvement with these companies. On 21 June 2016, following the sale of the business and assets of these companies, an administrator was appointed to the companies on a voluntary basis.

There are no other disclosures required in relation to Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.