Board Composition

Inspecs Group plc, a leading designer, manufacturer, and distributor of eyewear (sunglasses, optical frames and low vision products) announces an update to its Board and Executive composition in light of the recommended acquisition of Inspecs by Bidco 1125 Limited, a newly formed company indirectly owned by Luke Johnson and Ian Livingstone (the "Offer").

On 29 May 2025, it was announced that Robin Totterman, Executive Director, would step down from the Board on 31 December 2025 with Christopher Hancock, the Company's Senior Independent Director, becoming Interim Chair until the appointment of a new Chair. Given the Offer, and his continued involvement in support of that process, Robin will continue to be a member of the Inspecs Board until the conclusion of the offer period.

On 18 September 2025 it was also announced that Andrea Davis would be appointed as Non-Executive Chair on or before 31 December 2025. On account of the Offer, Andrea will no longer assume the role as previously announced, instead Christopher Hancock will remain as Interim Chair. However, Andrea has agreed to make herself available to join the Board, if required, should the Offer lapse.

As previously announced, having stepped down from the Board at the Company's AGM in June 2025, Chris Kay will step down as Chief Financial Officer upon appointment of a successor.