Appointment of a new NED & Audit Committee Chair

For immediate release

21 December 2018

Patisserie Holdings plc

Appointment of a new NED & Chairman of the Audit Committee

Patisserie Holdings plc (AIM: CAKE) ("PH" or the "Company") is pleased to announce that Jeremy Jensen has been appointed to the board of the Company and will take the up the role as Chair of the Audit committee. Lee Ginsberg steps aside from that role but remains on the Board as Deputy Chairman and a Non-Executive Director.

Jeremy is an experienced financial and managerial trouble shooter with a strong track record of success in rescuing and turning around large complex organisations with multiple stakeholder groups. He is currently a director of Stemcor Global Holdings Limited (the world's largest independent Steel Trader), Frigoglass S.A.I.C. (Ice Cold Merchandiser quoted in Athens) and Vice Chairman of the Chelsea and Westminster NHS Foundation Trust.

Jeremy's previous experience includes operational roles at Reuters and Cable & Wireless, corporate governance and turnaround roles at McCarthy and Stone, MPG Holdings, NHP Libra, BBC 2 Entertain, and a wide range of other restructurings and special situations.

Jeremy is a UK Chartered Accountant and holds a degree in Economics and Economic History from the London School of Economics.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

Pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies, the following information is disclosed in respect of Jeremy Michael Jorgen Malherbe Jensen, aged 59.

Further information relating to Jeremy Jensen:

Jeremy Jensen was a director of Toys "R" Us Properties (UK) Limited which appointed a receiver in March 2018 in order to sell its property interests; Jeremy resigned in April 2018.

Jeremy was a director of Kayterm Limited which entered Administration in October 2011 and was dissolved in July 2013; Jeremy resigned in October 2011.

Jeremy was a director of Libra No 3 Limited, to which an administrative receiver was appointed in November 2014. Libra No 3 Limited was subsequently wound up by members voluntary liquidation in December 2014.

Enquiries:

Patisserie Holdings plc +44 (0)121 777 7000

Luke Johnson, Executive Chairman

Steve Francis, CEO

Nomad and Broker

Canaccord Genuity Limited +44 (0)20 7523 8000

Chris Connors

Henry Fitzgerald-O'Connor

Financial Public Relations

Maitland +44 (0) 20 7379 5151

Sam Cartwright

Jonathan Cook