Business Reorganisation and Trading Update

Premier Farnell plc 12th June 2014 Business Reorganisation Premier Farnell plc ("the Group"), a global leader in the high servicedistribution of technology products and solutions, is today announcing the moveto an integrated, global organisational structure in its MDD Americas and MDDEurope & Asia Pacific marketing and distribution businesses. The business willbe organised globally by function which will facilitate better sharing ofexpertise and resources across the regions. Increasingly, customers and suppliers are operating on a global basis. Our newglobal structure will allow us to enhance the service we provide to meet theneeds of our customers and suppliers throughout the electronics cycle, acrossregional boundaries. As a single global team, we will accelerate the executionof our strategy, leveraging the investments made in our targeted customer andsupplier proposition, our enhanced product range and unique multichannel salesand marketing capability. In addition, the simplified global structure willdeliver operating efficiencies and enable the Group to benefit from economiesof scale. As such, the new structure will further underpin the attainment ofour financial performance articulated through our key performance indicators. A new executive team, led by Laurence Bain, the Group's Chief Executive, hasbeen appointed to lead the simplified organisation. The new team, which is nowin place, includes Mark Whiteling, the Group's Chief Financial Officer, globalfunctional leaders for Sales and Marketing, Product and Suppliers, SupplyChain, and Technology, as well as global leaders for support functionsincluding Human Resources and Legal. The current leadership structures forAkron Brass and the Other Distribution businesses (CPC & MCM) remain in placeand continue to report to the Chief Executive directly. The executive team will now refine the structure and complete thereorganisation of the business. We anticipate that the cost to achieve thisreorganisation will be approximately £8million and the annualised costbenefits, once fully implemented, will be in the range of £6-8million. Thebenefit in the current financial year is likely to be minimal with the fullbenefit anticipated in our 2016 financial year. We will provide an update onour progress in our first half results announcement on 18 September 2014. Trading Update Current trading continues to be in line with the update provided in our IMS on15 May 2014. Laurence Bain, Group Chief Executive Officer, commented: "I am excited that we are able to take the next step on our journey to supportcustomers and suppliers globally throughout the electronics cycle from theearly stages of design through to production. By evolving the way that we work,as one global team, Premier Farnell is well placed to accelerate the executionof our strategy to deliver profitable growth." A conference call for analysts and investors will be held at 8.00am on 12 June2014, details for which are as follows: Participant Access: Dial in 5-10 minutes prior to the start time using thenumber / Conference ID below. Confirmation Code: 8260075 Dial-in: +44(0)20 3427 1919 For further information, contact: Laurence Bain, Chief Executive Officer Premier Farnell plc +44 (0) 20 7851 4107Mark Whiteling, Chief Financial OfficerThomas Churchill, Investor Relations Richard Mountain FTI Consulting +44 (0) 20 3727 1374 Premier Farnell's announcements and presentations are published atwww.premierfarnell.com together with business information and links to all otherGroup web sites. The 2013/14 Annual Report and Accounts is available fordownload at reporting2014.premierfarnell.com.