Stmnt re Share Price Movement

7 April 2022

McColl's Retail Group plc

("McColl's" or the "Group")

Statement re share price movement

McColls's notes the recent rise in the Company's share price and confirms that it does not know of any reason for this price movement.

As previously announced, the Group remains in ongoing dialogue with its lenders with a view to achieving a longer-term agreement in relation to the balance of its existing facility, however, there is no certainty as to the successful outcome of these discussions.

A further update will be made as and when these discussions conclude.

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About McColl's Retail Group

McColl's is a leading neighbourhood retailer, with an estate of over 1,100 managed convenience stores and newsagents. We operate McColl's and Morrisons Daily branded convenience stores as well as newsagents branded Martin's across the UK, except in Scotland where we operate under our heritage brand, RS McColl.