Ex-Tuffnells depot in Stafford reopened

AIM: DX.

DX (Group) plc

("DX" or "the Group")

New depot opening in Stafford

DX, a leading provider of delivery solutions, including parcel freight, secure courier, 2-Man, and logistics services, is pleased to announce the reopening of another former Tuffnells Parcels Express Limited ("Tuffnells") depot. The depot, located in Stafford, is one of the 15 depots taken on by DX from the Administrator of Tuffnells in late June 2023. This latest opening takes the number of former Tuffnells sites to have been reopened to 13.

The new depot is located on the Beacon Business Park, north-east of the Stafford town centre and comprises a 15,190 sq ft facility. It is the latest addition to the Group's Parcels network, part of the DX Express division, which provides highly secure, tracked deliveries to both business and consumer addresses. As well as providing further capacity, it will improve operational efficiencies, by reducing stem mileage and carbon emissions, and enhances customer service levels, a key focus for the Group.

This latest opening is part of the ongoing major capital programme in the business as management continues to drive the Group's growth and development.

Paul Ibbetson, Chief Executive Officer of DX (Group) plc, commented:

"The opening of the Stafford depot means that we have now reopened 13 of the 15 depots that we took on from Tuffnells' Administrators in late June. It increases the capacity and capability of our Express Parcels operation, which is growing strongly, and delivers further efficiencies, environmental and customer service benefits.

"Expanding and improving the depot network underpins the continued successful delivery of our growth plans, and we look forward to reporting on further openings over the forthcoming months".

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About DX (Group) plc:

DX is a well-established provider of a wide range of delivery services to both business and residential addresses across the UK and Ireland. First established in 1975 as a Document Exchange service to the legal sector, DX now provides one of the widest ranges of overnight delivery services in the market, as well as logistics services. Items that DX transports range from confidential documents and valuable packages to large, awkward-to-handle freight, unsuitable for automated conveyor.

The Group operates through two divisions, DX Freight and DX Express.

· DX Freight comprises DX 1-Man, and Logistics/2-Man, with the Division being only one of a small number of operators that provides an overnight delivery service for irregular dimension and weight freight ("IDW").

· DX Express comprises DX Parcels and DX Exchange and Mail, with the Division specialising in the express delivery, including pre-9am, of parcels and documents.