Mike Ashley and Hornby PLC

20th March 2024

Hornby Plc

("Hornby" or the "Group")

Mike Ashley and Hornby PLC

Further to the announcement dated 23 February 2024 giving details of Frasers Group plc ("Frasers") as a strategic shareholder, Mike Ashley has entered into a consultancy agreement with Hornby through Mash Holdings Ltd (a company wholly owned by Mike Ashley). Mike will be available to support Olly Raeburn, CEO of Hornby, and the wider business, particularly in relation to systems, operations, logistics and, where relevant, broader matters of strategy.

This approach is aligned to Fraser Group's policy of partnering with strategic investments in order to add value for the respective shareholders of Hornby and Fraser Group. No remuneration is payable to Mash by Frasers or Hornby for these consultancy services.

Enquiries:

Hornby PLC

Oliver Raeburn, CEO 01843 233 500

Kirstie Gould, CFO

Holly Barnett, PR

Liberum Capital Limited, Nominated Advisor and Broker

Andrew Godber 020 3100 2222

Edward Thomas

Anake Singh

[ENDS]