Directorate Change

11 June 2018

PRODUCE INVESTMENTS PLC

 BOARD CHANGE

Appointment of Billy Keane as Non-Executive Director

Produce Investments plc, (AIM:PIL), a leading operator in the fresh potato and daffodil sectors, is pleased to announce the appointment of Billy Keane as a Non-Executive Director with immediate effect.

Billy Keane is currently a Director of Grahams The Family Dairy, and of the a2 Milk Company. Prior to this he was Chairman of Dairy UK, the trade association of the UK dairy industry.

Billy has over 30 years' experience in the food sector. He was Group Managing Director of Robert Wiseman Dairies plc, the former FTSE 250 listed milk processor, until its acquisition by Muller Group for £300m in 2012. Prior to his appointment as Group Managing Director, Billy was Group Finance Director for 16 years, where he oversaw the Company's successful listing on the London Stock Exchange and guided the Company through a number of capital raisings on the stock market and a series of acquisitions.

Barrie Clapham, Chairman commented: "I am delighted that Billy will be joining our Board. He was part of the team that revolutionised the UK milk market through a £500m capital investment programme. The knowledge and sector experience that he brings to our business will be extremely beneficial as we move forward with the next phase of our development. We look forward to working with Billy over the months and years ahead."

Save as set out in the additional information section below there are no further disclosures required to be made in respect of the appointments under Schedule 2(g) of the AIM Rules for Companies. 

For further information contact:

Additional information:

William Gerard Keane, aged 63 years, is currently a director of:

The a2 Milk Company Limited

Grahams The Family Dairy Group Limited

Grahams The Family Dairy Limited

In the past five years, he has held directorships or partnerships at:

The Dairy Council

Dairy UK Limited