Appointment of Independent Non-Executive Directors

POUNDLAND GROUP plc

15 October 2014

Appointment of Independent Non-Executive Directors

Poundland Group plc (the "Company"), Europe's biggest single price discount retailer, today announces the following appointments to the Board of Directors of the Company with effect from 30th October, 2014.

Miles Roberts

Miles joins Poundland as a Non-Executive Director and Senior Independent Director. He will also be a member of the Audit, Remuneration and Nominations Committees. He is currently Group Chief Executive of DS Smith Plc, a leading international supplier of recycled packaging, and prior to that he was CEO of McBride Plc, Europe's leading provider of private label household and personal care products. 

Tim Jones

Tim joins as an Independent Non-Executive Director and will also serve as Chairman of the Audit and Risk Committee. Tim is a chartered accountant and currently Group Finance Director of Mitchells & Butlers Plc. Previous positions include Group Finance Director of Interserve Plc, a FTSE 250 listed support services group and other senior finance roles both in the UK and overseas.

Darren Shapland, Chairman of Poundland, said:

 "These appointments to the Board are a major boost to Poundland. Both Miles and Tim will bring valuable senior experience in strategic development and sound financial performance that will be a great asset to Poundland as we continue to grow the business in the UK and abroad."

This announcement is given in accordance with LR 9.6.11 and LR 9.6.13.

For further information please contact:

Citigate Dewe Rogerson

Simon Rigby

Angharad Couch

+44 (0) 20 7638 9571

About Poundland

Poundland plc joined the premium segment of the London Stock Market in March 2014. 

Poundland is Europe's largest single price value general merchandise retailer and winner of the 2014 Grocer Awards for Variety Discount Retailer of the Year. Over 500 stores have been opened in the UK, the Republic of Ireland and Spain since 1990. In the Republic of Ireland and Spain, Poundland trades under the Dealz brand. Poundland sells quality top brands and own brand products all for the single price point of £1, providing customers with amazing value every day.

Serving an average of 5 million customers every week Poundland offers an irresistible shopping experience where shoppers are guaranteed to find approximately 3,000 quality products per store and over 1,000 well-known brands, across 17 shopping categories including food and drink, health and beauty, household, gardening, DIY, Pet, Stationery, Books, DVDs and Toys. 

For more information about Poundland, please visit:

www.poundland.co.uk

www.Facebook.com/Poundland

www.twitter.com/poundland