Change of Name to Eleco Plc

Elecosoft plc

("Elecosoft", the "Company" or the "Group")

Change of Name to Eleco Plc

Following almost unanimous approval by shareholders at the Annual General Meeting of the Company held on 4 June 2020, Elecosoft PLC has changed its name to Eleco Plc. The Company's change of name has now been registered at Companies House and is effective from Tuesday 21 July 2020 at 8.00 a.m.

The Company's ISIN and TIDM will remain unchanged.

About Elecosoft plc

Elecosoft plc is listed on the Alternative Investment Market in London (AIM: ELCO). It is a specialist international provider of software and related services to the architectural, engineering, construction and digital marketing industries from centres of excellence in the UK, Sweden, Germany and the US. Elecosoft plc market leading software solutions are developed by teams in the United Kingdom, Sweden and Germany; and its software programs cover project management, construction site management, estimating, timber engineering, 3D design and visualisation, and cloud based digital marketing solutions.

For more information, please visit www.elecosoft.com