Corporate Update

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014.

For immediate release

24 October 2018

Patisserie Holdings plc

Corporate Update

Patisserie Holdings plc (AIM: CAKE) (the "Company") is pleased to announce that on 23 October 2018, the winding up petition against Stonebeach Limited, the Company's principal trading subsidiary, was dismissed by the High Court of Justice, Business and Property Courts.

Enquiries:

Patisserie Holdings PLC +44 (0)121 777 7000

Luke Johnson, Executive Chairman

Paul May, Chief Executive Officer

Nomad and Broker

Canaccord Genuity Limited +44 (0)20 7523 8000

Chris Connors

Henry Fitzgerald-O'Connor

Financial Public Relations

Maitland +44 (0) 20 7379 5151

Sam Cartwright

Jonathan Cook