Result of GM appointment of director

4 June 2015

Pittards Plc

(AIM: PTD)

("Pittards" or the "Company")

Result of Open Offer and General Meeting

Appointment of a director

Further to the announcement of 8 May 2015, Pittards (AIM:PTD), the AIM listed specialist producer of technically advanced leather and luxury leather goods for sale to retailers, manufacturers and distributors is pleased to announce that at the General Meeting held today, all resolutions to approve the issue of 4,626,651 new ordinary shares under the Placing and Open Offer were approved.

The Open Offer formed part of arrangements to raise up to £5.8m additional funding, comprising an oversubscribed placing which raised £4.8m and the Open Offer, which raised £751,903.20, each at 120p per new ordinary share.

The new ordinary shares (representing 4,000,065 new ordinary shares subscribed under the Placing and an additional 626,586 new ordinary shares subscribed under the Open Offer) have been issued and allotted, conditional only on Admission of the new ordinary shares to AIM. Application has been made for the new ordinary shares to be admitted to AIM. It is expected that the new ordinary shares, representing in aggregate approximately 33.31 per cent of the enlarged issued share capital, will be admitted to AIM and that dealings will commence on Friday 5 June.

In addition, the Company announces the appointment of Stephen Yapp as a non - executive director with effect from 5 June.

Mr Yapp, aged 58, is a fellow of the Institute of Chartered Management Accountants and holds an MBA. He is currently executive Chairman of Journey Group plc and of a number of private companies.

Current directorships Past directorships

There is no further information required to be disclosed in accordance with paragraph (g) of Schedule Two, AIM Rules for Companies.