Appointment of new Chief Financial Officer

HAVELOCK EUROPA PLC

("Havelock" or the "Company")

Appointment of new Chief Financial Officer

· Mr Donald Borland appointed as new Chief Financial Officer at Havelock Europa PLC from 26 April 2017

· Borland will succeed Ciaran Kennedy, who will stand down after the company announces its full year results on 25 April 2017

· Messrs Kennedy and Borland will have a handover period from 30 March 2017, to ensure an orderly transition

Havelock Europa PLC (HVE.L), the international interior solutions provider, has appointed Donald Borland as its Chief Financial Officer, to succeed Ciaran Kennedy, who will stand down after the company announces its full year results on 25 April 2017.

Mr Kennedy, who has been Finance Director and Company Secretary since June 2014, is leaving Havelock to take up the role of Director for Scotland at Clancy Docwra. Along with Chief Executive David Ritchie, he has been instrumental in implementing the restructuring and rightsizing of the Havelock Europa business over the past 18 months.

Donald Borland (aged 50) is a former Group Finance Director of Miller Group, the Edinburgh-based real estate business whose main subsidiary, Miller Homes, is the UK's largest privately-owned housebuilder. He spent 18 years with Miller Group, in various finance and accounting roles, becoming Group Finance Director in 2014, with responsibility for financing, corporate M&A and restructuring transactions, as well as ongoing liaison with the board and corporate shareholders.

Mr Borland has been a member of the Institute of Chartered Accountants in Scotland (ICAS) since 1990 and is an accountancy graduate of the University of Glasgow. Upon graduating, he spent a decade at KPMG in a number of accountancy and audit roles, prior to joining Miller Group in 1998. He lives in Edinburgh with his wife and three children.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

David Ritchie, Chief Executive of Havelock Europa PLC, said: "While I am sorry to see Ciaran leave the business, I am very pleased that we have been able to recruit such a highly qualified replacement in Donald. Donald's significant financial expertise and experience of executive roles will be of huge value to the team here and I am looking forward immensely to working with him. Ciaran has been a great support to me during my time as Chief Executive and a vital part of the work we have done to reshape the business. He leaves with our best wishes."

Enquiries:

Schedule 2(g) Disclosures

In the past five years Donald William Borland has been a director of the following companies:

Solihull Pavilions Limited, Wigan Standishgate Limited, Market Gates Shopping Centre GY Limited, Aqua Portfolio Limited and Livingston No 1 Limited were each members of the Miller Group, which in February 2012 completed a restructuring of its existing banking facilities and secured significant new third party investment. The restructuring included the waiver and conversion of £264.5 million of the Miller Group's existing debt to ordinary shares; the re-classification of £198.5 million of the Miller Group's debt due within a year as due in greater than one year; and the control of certain development assets with a book value of £89.1million and equivalent debt being assumed by the Miller Group's bankers. Donald Borland was a director of a number of subsidiary undertakings within the Miller Group that were party to these restructuring arrangements.

As part of these arrangements:

a) Solihull Pavilions Limited was placed into administration 2 March 2012 and a creditors' voluntary liquidation, which is ongoing, on 27 August 2013;

b) Wigan Standishgate Limited was placed into a creditors' voluntary liquidation 23 May 2012 and dissolved on 15 May 2013;

c) Market Gates Shopping Centre GY Limited was placed into administration 2 March 2012 and dissolved on 13 April 2015;

d) Aqua Portfolio Limited was placed into a members' voluntary liquidation 26 June 2012 and dissolved on 24 July 2014; and

e) Livingston No 1 Limited was placed into administration 2 March 2012 and dissolved on 22 March 2015.

Outside the aforementioned restructuring of the Miller Group, 116 WRS Ltd was placed into administration on 26 May 2011 and then a creditors' voluntary liquidation on 23 November 2012, prior to being dissolved on 21 October 2014. The deficiency as regards creditors was approximately £2.6million.

There are no further disclosures required under Schedule 2(g) of the AIM Rules for Companies.