1 August 2022

Highcroft Investments PLC (the "Company")

Directorate Change

The Company wishes to announce that David Warlow will join the Board as Non-Executive Director with effect from 1 August 2022. David, a Chartered Accountant, is also a director of Kingerlee Holdings Limited (together with its subsidiary undertakings, the "Kingerlee Group").

David will represent the interests of the Kingerlee Group, which has an aggregate beneficial interest of 27.12% in the share capital of the Company. The Kingerlee Group, together with its associates, form part of the Kingerlee Concert Party which has an aggregate beneficial interest of 40.95% in the share capital of the Company.

The Company also announces that David Kingerlee, who currently represents the interests of the Kingerlee Group, will be stepping down from the Board with effect from 1 August 2022. The Board is grateful to David for the service he has given to the Company both as an Executive Director and lately as a Non-Executive Director.

David Warlow currently has no other listed company directorships, nor has he had any within the past five years. There are no other details to be disclosed under Listing Rule 9.6.13 (2) to (6).

For further information, contact:

Highcroft Investments PLC

Charles Butler / Roberta Miles

01869 352766