Annual Report and Meeting Notice

31st July 2019

Tex Holdings plc

Annual Report and Extraordinary General Meeting Notice

The Board of Tex Holdings plc (the "Company") announces that the Annual Report and Financial Statements for the year ended 31st December 2018 together with a notice of the Extraordinary General Meeting to adopt the financial statements, is being filed at Companies House today, 31st July 2019. Copies of the Annual Report and Financial Statements and Notice can be viewed and downloaded from the Company's website www.tex-holdings.co.uk. The Extraordinary General Meeting will be held at Tex Holdings plc, Claydon Business Park, Gipping Road, Great Blakenham, Ipswich IP6 0NL at 12.15pm on 30th August 2019.

Following the publication of the Company's Annual Report and Financial Statements, the Company will accordingly request that the FCA restore the Company's listing.

The Company also announces that it is currently in discussions with Le Bas Investment Trust Limited ("Trust"), an associate of Mr ARB Burrows, a director of the Company, whereby the Trust is willing to lend the Company up to £7 million on a secured basis over a period of 10 years and negotiations are continuing about the terms. The Trust is a related party under the Related Party transaction rules contained in Chapter 11 of the Listing Rules by virtue of it being an associate of Mr Burrows. Mr Burrows' associates are currently interested in approximately 40 per cent of the issued share capital of the Company.

This loan will replace the current facilities provided by the Company's bankers National Westminster Bank plc.

Due to the Trust being a related party and the size of the loan, the loan is conditional upon the approval of independent shareholders of the Company. A circular containing further details of the proposed transaction and a notice of the Extraordinary General Meeting where approval will be sought will be sent to Shareholders shortly.

Enquiries

C.A. Parker

01473-830144