Publication of Inaugural Purpose Report

28 January 2022

CareTech Holdings PLC

("CareTech" or "the Group")

Publication of Inaugural Purpose Report

CareTech Holdings PLC (AIM: CTH), a pioneering provider of specialist social care and education services to adults and children, is pleased to announce the publication of its inaugural Purpose Report.

CareTech has made the decision to publish a separate Purpose Report in order to better define a new purpose-led ESG strategy and more clearly demonstrate how it impacts society through its business model. The report outlines CareTech's new "CARE4" responsible business strategy which comprises of four pillars for social impact: Planet, People, Innovation and Community. The overarching social purpose for CareTech is to enable children, young people and adults with complex needs to make their own life choices, and to develop confidence and independence to live, learn, thrive and engage, building better futures.

The publication of the Purpose Report follows the appointment of Jonathan Freeman MBE as Group Sustainability Director at the end of 2021, underlining how integral ESG considerations are to the strategic vision of the Group.

Headline commitments laid out in the purpose report include:

· Becoming a net zero business by 2050

· Donating 2.5% of pre-tax profits to the CareTech Foundation annually

· Being an employer of choice, investing in its people and valuing their diversity

· The establishment of the new CareTech Technology division to spearhead its technology and innovation agenda

The report is available to view and download on the investor relations section of the Group's website, www.caretech-uk.com.

Haroon Sheikh, Group Chief Executive Officer of CareTech, commented: "I am delighted to announce the publication of CareTech's first Purpose Report, which outlines our purpose and commitment to sustainability. Our responsible business strategy is hugely important to us, as it outlines our long-term, sustainable approach to business which we believe will continue to guide the Group for decades to come. When Farouq and I founded CareTech 27 years ago, we wanted to play our part in building a world where there is equal opportunity for all. Making this vision a reality has been our life's work and continues to drive all that we do."

Jonathan Freeman MBE, Group Sustainability Director of CareTech, commented: "For us at CareTech, it is very clear that sustainability and business success go hand in hand. Only by being true to our wider social purpose can we deliver sustainable business success. I am incredibly proud to have been appointed as the Group's first Sustainability Director. The Purpose Report sets out our exciting new purpose-led approach to being a responsible business in every sense. I look forward to keeping you updated on our progress as we look to deliver on ambitious targets."

- Ends -

For further information, please contact:

CareTech Holdings PLC 01707 601800

Farouq Sheikh OBE, Group Executive Chairman

Christopher Dickinson, Group Chief Financial Officer

Consilium Strategic Communications 020 3709 5700

Mary-Jane Elliott

Chris Welsh

Angela Gray

Panmure Gordon (Nomad and Joint Broker) 020 7886 2500

Emma Earl

Freddy Crossley

Charles Leigh-Pemberton

Numis (Joint Broker) 020 7260 1000

Jonathan Wilcox

James Black

Duncan Monteith

About CareTech

CareTech Holdings PLC is a leading provider of specialist social care services supporting around 5,000 adults and children with a wide range of complex needs in more than 550 day services the UK employing more than 11,500 staff; and an emerging presence in international markets.

Committed to the highest standards of care and care governance, CareTech's innovative Care Pathway covers Foster care, Children's Services, Adults Services and Digital Technology Solutions.

CareTech, which was founded in 1993, began trading on the AIM market of the London Stock Exchange in October 2005 under the ticker symbol CTH.

For further information please visit: www.caretech-uk.com