Board Update

Joules Group PLC

("Joules" or the "Group")

Board Update

Joules, the British lifestyle brand, announces that after eight years in the business, the past five of which have been as Chief Executive Officer, Colin Porter has informed the Board of his intention to retire before the end of the Group's FY20 financial year.

The exact timing of Colin's retirement is still to be confirmed, and the notice that Colin has given the Board ensures that there is sufficient time to ensure a smooth transition to his successor. A process to appoint Colin's successor is underway and the Board will make a further announcement in due course.

Colin Porter, Chief Executive Officer of Joules commented:

"Since joining Joules in 2010 the company has grown significantly. This reflects the strength of the brand and the skill and commitment of the entire team across the business.

"I can truly say that this is the most special company I have had the pleasure of working at during my career, and that is down to its amazing people and customers. I remain as committed as ever as we continue to focus on delighting our customers and delivering our strategy to further expand the Joules brand."

Ian Filby, Non-Executive Chairman of Joules, commented:

"Colin has made a truly outstanding contribution to Joules since joining the business in 2010. During his tenure, Joules has achieved fantastic growth both in the UK and internationally.

Joules has a committed, experienced and highly skilled executive management team who, along with Colin's successor, will continue to focus on expanding Joules as a leading lifestyle brand."

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Joules - 'a premium lifestyle brand with an authentic British heritage'

Established in Britain by Tom Joule three decades ago, Joules is a premium lifestyle brand with an authentic heritage.

A true multi-channel lifestyle brand, Joules carefully designs and sells clothing, accessories and homeware for women, men and children, with personality to match the colourful and uplifting outlooks of its growing community of customers. Its products are available through its own retail stores, online, rural shows and events and wholesale channels.

Quality, Britishness, family values, colour and humour make Joules stand out from the crowd. This approach, along with an unwavering attention to detail, and drive to surprise and delight its customers with unexpected product details, has been central to the brand's success and expansion and remains at the heart of everything Joules creates.

www.joules.com | www.joulesgroup.com