Directorate Change

Marechale Capital plc (AIM: MAC), the AIM-quoted digital merchant bank, announces the appointment of Mr. Robin Stevens as a Non-executive Director of the Company, with immediate effect.

• Stevens has extensive experience in corporate finance, including advising on public market transactions, capital raisings, management buyouts, capital reconstructions, acquisitions and disposals, IPOs and secondary offerings in the UK and overseas. He has advised companies across a broad range of sectors, with particular expertise in emerging international businesses, especially those operating in the Asia-Pacific region. His experience also includes corporate advisory and reporting assignments and supporting businesses with investor-ready planning.
• Stevens is a Chartered Accountant and Head of Capital Markets at MHA Plc, the UK member firm of Baker Tilly International and was formerly an audit and corporate finance partner and Head of Capital Markets at Crowe UK LLP, having also held senior corporate finance and audit partner positions at Mazars LLP and MRI Moores Rowland LLP. Mr. Stevens currently serves as Independent Non-executive Director of AIM-quoted Hercules Plc and Main Market listed Fairview International Plc. He is also an independent Non-executive Director of Annica Holdings Limited, which is listed on the Catalist Market of the Singapore Stock Exchange. Mr Stevens also holds directorships at a number of private companies and regularly speaks on corporate finance and capital markets matters to international audiences.

The information in respect of the appointment of Mr. Robin Stevens (aged 73) pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies is appended at the back of this announcement.

In addition, the Company announces that Mr. Chris Kenning has stepped down from the Board as a Non-executive Director with immediate effect in order to focus on his other business and commercial interests. Mr. Kenning has agreed to enter into an orderly market agreement with the Company for a period of 12 months in respect of his holding of ordinary shares and options over ordinary shares in the Company.

Mark Warde-Norbury, Chairman of the Board of Marechale, said:

"I am pleased to welcome Robin to the Board. His extensive experience in corporate finance, capital markets and advising businesses on corporate transactions will be valuable as Marechale continues its evolution as a digital merchant bank.

"On behalf of the Board, I would also like to thank Chris for his contribution to the Company and wish him well in his future endeavours."

Appendix

The following information is disclosed in respect of Mr. Robin Stevens pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies. All information is as at the date of this announcement.

On 26 May 2010, Zokora (No. 2) Limited, a company of which Mr. Stevens was a director at the time, was placed into a creditors' voluntary liquidation. The company was dissolved on 12 May 2018. The liquidator received one claim of £2,247 (compared to one unsecured creditor of £2,246 shown in the company's statement of affairs) and there was a contingent claim of £250,000.

On 26 May 2010, the designated members of MRI Moores Rowland LLP, a partnership of which Robin Stevens was a partner, resolved to voluntarily wind up the partnership. The partnership was dissolved on 15 May 2018. The claims made by creditors to the liquidator were not agreed as there was little likelihood of sufficient funds being available to pay a dividend to said creditors, and the liquidator had insufficient assets to cover its costs and expenses in full.

Mr Stevens has been a Non-executive Director of B Iconic Group Limited since November 2019. The company entered creditors' voluntary liquidation in Ireland in November 2020, which remains ongoing.

At the time of this announcement, Mr. Stevens has no interest in ordinary shares or in options or warrants over ordinary shares in the Company.

Save as set out above, no further information regarding Mr Stevens is required to be disclosed pursuant to the AIM Rules for Companies.