Results of Open Offer and General Meeting

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THIS ANNOUNCEMENT SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY ORDINARY SHARES OF PORTMEIRION GROUP PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION ("MAR"). UPON THE PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

29 June 2020

Portmeirion Group PLC

("Portmeirion", the "Company" or the "Group")

Results of Open Offer

Results of General Meeting

and

Issue of equity and Total Voting Rights

Portmeirion Group PLC, the designer, manufacturer and worldwide distributor of high quality homewares under the Portmeirion, Spode, Royal Worcester, Pimpernel, Wax Lyrical and Nambé brands, is pleased to report that further to the Fundraising which was announced by the Company on 10 June 2020, at the General Meeting held earlier today, all resolutions were duly passed. The Company also announces the results of the Open Offer.

The Open Offer closed for receipt of applications at 11.00 a.m. on 26 June 2020 in accordance with its terms. The Company announces that it has received valid applications in respect of 292,295 Open Offer Shares from Qualifying Shareholders, including applications under the Excess Application Facility. This represents 55.1 per cent. of the Open Offer Shares offered pursuant to the Open Offer. Qualifying Shareholders who have validly applied for Open Offer Shares will, subject to the conditions below, receive their full Open Offer Entitlement.

Accordingly, the Company has raised £11.8 million in aggregate (before expenses) through the Placing, Subscription and Open Offer and has issued and allotted 3,096,604 New Ordinary Shares, conditional only on Admission becoming effective. Admission is expected at 8.00 a.m. on 30 June 2020.

New Ordinary Shares in uncertificated form are expected to be credited to Shareholders who hold their Ordinary Shares in CREST accounts on 30 June 2020. Definitive share certificates for New Ordinary Shares are expected to be despatched to Shareholders who hold their Ordinary Shares in certificated form by 7 July 2020. The New Ordinary Shares will rank pari passu with the Existing Ordinary Shares.

Total Voting Rights

Following Admission, the Company will have 14,204,087 Ordinary Shares in issue, of which 230,382 shares are held by the Company as treasury shares. Therefore, the total number of voting rights in the Company following Admission will be 13,973,705. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the issued share capital of the Company, under the FCA's Disclosure Guidance and Transparency Rules.

The capitalised terms used in this announcement have the meaning set out in Appendix III of the Fundraising Announcement.

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this Announcement is being made on behalf of the Company by Moira MacDonald, Company Secretary.

For more information, please contact:

Portmeirion Group PLC Tel: +44 (0) 1782 743 444

Mike Raybould, Chief Executive mraybould@portmeiriongroup.com

David Sproston, Group Finance Director dsproston@portmeiriongroup.com

Hudson Sandler: Tel: +44 (0) 207 796 4133

Dan de Belder ddebelder@hudsonsandler.com

Nick Moore nmoore@hudsonsandler.com

Panmure Gordon: Tel: +44 (0) 207 886 2500

Freddy Crossley / Emma Earl / Joanna Langley Corporate Finance

James Stearns Corporate Broking

N+1 Singer: Tel: +44 (0) 207 496 3000

Peter Steel / Ben Farrow / James Fischer Corporate Finance

Rachel Hayes Corporate Broking