Change of Director

Change of Director - Lindsay Page and David Bernstein

This announcement is made in compliance with section 430(2)(b) of the Companies Act 2006 in relation to the departure of Lindsay Page and David Bernstein as directors of Ted Baker plc (the "Company").

Further to the RNS announcement on 10 December 2019, Lindsay Page has stepped down as Chief Executive Officer and as a director of the Company, and David Bernstein has stepped down as Executive Chairman and as a director of the Company.

Lindsay Page

Mr Page's directorship of the Company ceased on 10 December 2019. He has agreed with the Company that his employment will end on a date in the coming weeks to be agreed (the "Termination Date"), following a handover period. Until the Termination Date, Mr Page will continue to be paid on the same basis as disclosed in the Company's most recent Annual Report.

Mr Page's contractual notice period commenced on 10 December 2019. Following the Termination Date, he will receive a payment in lieu of the balance of his 12 month notice period, calculated by reference to his annual salary (£460,000), annual pension supplement (£57,500) and the cost of contractual benefits (excluding bonus) (the figure for this element disclosed in the single total figure table for the period ended 26 January 2019 was £24,000). This payment will be made in monthly instalments and will be subject to reduction should Mr Page secure alternative employment.

Mr Page will receive a payment in respect of any accrued but untaken holiday for the current year, along with a payment in respect of any accrued but unpaid pension supplement.

Mr Page will not be eligible to receive a bonus for the 2019 financial year.

Any outstanding unvested awards held by Mr Page under the Company's long term incentive plan will lapse upon termination of his employment.

Save as set out above, Mr Page will not receive any other compensation or payment for the termination of his employment or his ceasing to be a director of the Company or any other group company.

These terms are in line with the Company's shareholder-approved remuneration policy.

David Bernstein

Mr Bernstein's directorship of the Company and his employment as Executive Chairman ceased on 10 December 2019.

Mr Bernstein will receive a payment in lieu of his six month notice period, calculated by reference to his annual salary (£200,000). This will be payable in monthly instalments (which will be subject to reduction should Mr Bernstein secure alternative employment).

Mr Bernstein will receive a payment in respect of any accrued but untaken holiday for the current year.

Save as set out above, Mr Bernstein will not receive any other compensation or payment for the termination of his employment or his ceasing to be a director.

These terms are in line with the Company's shareholder-approved remuneration policy.

Enquiries:

Hudson Sandler Tel: +44 (0) 20 7796 4133

Alex Brennan / Hattie Dreyfus / Nick Moore

[email protected]