COVID-19 Further Update

The information contained in this announcement is deemed by

the Company to constitute inside information for the purposes of

Article 7 of the Market Abuse Regulation (EU) No. 596/2014

23 March 2020

Card Factory plc

("Card Factory" or the "Group")

COVID-19 FURTHER UPDATE

Further to our earlier announcement, we have decided to close temporarily all of our shops from the end of business today. We will keep this under continuous review and update further in due course.

ENDS

Enquiries

Card Factory plc via Tulchan Communications (below)

Karen Hubbard, Chief Executive Officer

Kris Lee, Chief Financial Officer

Tulchan Communications +44 (0) 207 353 4200

James Macey White / Elizabeth Snow / Amber Ahluwalia

cardfactory@tulchangroup.com