FCA Approval for Change in Control

DBAY Advisors Limited

("DBAY")

FCA Approval for Change in Control

·; The Financial Conduct Authority ("FCA") approves DBAY's Change in Control application for Eddie Stobart Limited, an indirect subsidiary of Eddie Stobart Logistics plc ("Eddie Stobart" or the "Company")

DBAY is pleased to announce that the FCA has approved the Change in Control application necessary for its proposed financing of Eddie Stobart, with such approval effective as of 5 December 2019.

DBAY is also pleased that all material terms of the banking documents necessary for the DBAY proposal have been agreed with the conditions to effectiveness expected to be satisfied concurrently with receipt of approval of ESL shareholders at the General Meeting today (the "Meeting").

The above demonstrates DBAY's continued progress in securing the finance package Eddie Stobart needs to avoid an impeding liquidity shortfall. Once in place, the financing will safeguard jobs for Eddie Stobart's employees and secure delivery of the reliable, high-quality services its customers rely on across the busy Christmas period.

DBAY would like to thank shareholders who have voted in favour for the proposal so far and invite all remaining shareholders to vote in favour at the Meeting. DBAY also expresses its thanks to the FCA for its expeditious consideration of the application for change of control approval, which reflects the urgent nature of the transaction.

The terms of the proposed transaction remain as circulated on the 2nd December 2019, with DBAY alongside the Company's lenders immediately providing £75m of liquidity to Eddie Stobart.

Enquiries

Investec Bank plc (Financial Adviser to DBAY) +44 (0)20 7597 4000

Gary Clarence, Edward Thomas

Temple Bar Advisory (PR to DBAY) +44 (0)20 7975 1415

Alex Child-Villiers, William Barker