Non-Executive Board Changes

Ten Lifestyle Group plc (AIM: TENG), the platform driving customer loyalty for global financial institutions and other premium brands, announces that, following the announcement on 29 June 2023, Bruce Weatherill, Non-executive Chairman, has stepped down from the Board after six years due to ill health, having secured an orderly succession. Jules Pancholi, Non-Executive Director, will assume the role as Chairman and Chair of the Nomination Committee.

In addition, after more than a six year tenure, Gillian Davies, Non-executive Director and Chair of the Audit Committee, has indicated her intention to step down from the Board at the conclusion of the AGM in February 2024.

Ten is pleased to announce the appointments of Edward Knapp and Carolyn Jameson as Non-executive Directors. Edward will also be appointed to the Audit & Risk Committee and Carolyn will be appointed to the Remuneration Committee.

Edward is a seasoned global business leader with extensive experience in technology, growth strategy, risk management, and transformation. He has held executive roles in consultancy, high-growth technology companies and major financial institutions, including McKinsey & Company, Barclays, HSBC and Revolut. Edward's expertise spans various sectors, including financial services, consumer, telecom, public sector, and not-for-profit organisations. He serves as non-executive director of the FTSE 100 F&C Investment Trust Plc and has extensive international private-equity backed and Plc Board experience.

Carolyn brings extensive executive and non-executive international experience in technology, travel and customer experience environments. She has a proven track record as a strong business leader, adept at simplifying complexity and maintaining clarity in fast-growth and dynamic settings, including executive roles at Skyscanner and her current executive role at Trustpilot Group Plc. Her expertise extends to building trusted relationships across cultures at stakeholder, board, and investor levels and possesses skills in corporate development, strategic thinking and change management in emerging and evolving areas.

The Board is confident that its composition is well-equipped to meet the evolving needs of our business as we move into the next stage of development.

Alex Cheatle, CEO of Ten Lifestyle Group, said:

"On behalf of the Board, I would like to express our gratitude to Bruce and Gillian for their dedicated service and invaluable contributions to the Company.

I am delighted to be welcoming Edward and Carolyn to the Board. Both are accomplished business leaders with valuable insights into technology and product fit, which will complement the existing strengths of the Board under Jules' Chairmanship. Their expertise in technology, finance, capital markets, and transformation experience will support the execution of Ten's strategic plan."

Additional Information

The following disclosures are required regarding Edward Knapp and Carolyn Jameson's appointments pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies (the "AIM Rules").

Edward Knapp

Edward Stephen Knapp (aged 39) is currently, or during the past five years been, a director of the following companies:

Carolyn Hay (professionally known by her former surname "Jameson")

Carolyn Jameson (aged 45) is currently, or during the past five years been, a director of the following companies: