Directorate Change

29 May 2019

LEI: 2138005C7REHURGWHW31

River and Mercantile Group PLC ("the Company") announces the appointment of a new Non-Executive Director

River and Mercantile Group PLC ("the Company") is pleased to announce that Miriam Greenwood has been appointed as a Non-Executive Director of the Company with effect from 28 May 2019. She will become Chair of the Company's Remuneration Committee with effect from 1 July 2019. As previously announced, Robin Minter-Kemp, the current Chairman of the Remuneration Committee, will retire on 30 June 2019.

Miriam currently serves as the Senior Independent Director and Chair of the Remuneration Committee of Smart Metering Systems plc (AIM: SMS.L), as Non-Executive Director of Eclipse Shipping Ltd and as a partner of SPARK Advisory Partners. She is an adviser to OFGEM and the Mayor of London's Energy Efficiency Fund.

Miriam previously served as a Non-Executive Director of Telit Communications PLC and Mithras Investment Trust Plc.

Miriam has extensive financial industry experience and was a founding partner of SPARK Advisory Partners and has held senior roles with a number of major financial institutions.

Jonathan Dawson, Chairman, said

"We are delighted to appoint Miriam as a non-executive director. She has extensive financial sector and remuneration experience which will be very important to River and Mercantile as we grow."

River and Mercantile Group PLC makes this announcement in accordance with LR9.6.11R and LR 9.6.13R (1).

Sally Buckmaster

Company Secretary

River and Mercantile Group PLC

For further information please contact:

River and Mercantile Group PLC +44 (0)20 3327 5100