Directorate Change

POUNDLAND GROUP plc

2nd February 2015

Directorate Change

Poundland Group Plc (the "Company"), Europe's biggest single price discount retailer, announces the resignation of Stephen Coates as a non-executive Director of the Company with effect from 31st January 2015. 

Stephen's resignation follows his retirement from Warburg Pincus LLC, the Company's principal shareholder. Stephen and Paul Best have represented Warburg Pincus on Poundland's Board since their investment in the Company in June 2010.   Paul Best will remain on the Board.

Darren Shapland, Poundland's Chairman, said: "Stephen has been a member of the Board for nearly five years, providing invaluable advice and support in the growth of Poundland, leading to the successful IPO last March. He leaves with the appreciation and thanks of the whole company and we wish him well for the future."

Stephen Coates said: "It has been a tremendous privilege to have been a director at Poundland and to have been part of a team that has overseen the growth and development of the business. I have no doubt that the success story will continue following what has been a pivotal year for the Company. I wish the business every success in the future."

For further information please contact:

Citigate Dewe Rogerson +44 (0)20 7638 9571

Simon Rigby

Angharad Couch