Directorate Change

Pinewood Group plc ("Pinewood" or the "Company")

Directorate Change

Pinewood announces that Dr Catherine Raines has today resigned as a non-executive director of the Company with immediate effect as a result of being appointed Chief Executive of UK Trade and Investment.

Commenting on Dr Raines' new appointment, Pinewood Chairman Michael Grade said:

"We are saddened to lose Catherine but understand the potential conflict. We wish her well and every success in her new position as Chief Executive, UKTI".

The Company will commence a search for an additional independent non-executive director.

Enquiries

Pinewood Group plc +44 (0)1753 656732

Andrew M Smith - Director of Strategy and Communications

Peel Hunt LLP (Broker) +44 (0)207 418 8900

Edward Knight

Euan Brown

N+1 Singer (Nominated Adviser and Broker) +44 (0)207 496 3000

Richard Lindley

James White