Appointment of Finance Director

Ashley House plc (the "Company")

Appointment of Finance Director

Ashley House plc ("Ashley House" or the "Company") the health and community care property partner is pleased to announce the following new appointment to the Board.

James Andrew John Hathaway (aged 40) has been appointed Finance Director & Company Secretary with effect from today. James is a Chartered Accountant and has been with Ashley House since 2011 as Director of Finance and member of the Senior Management Team having previously worked for Tenon and Fujitsu Services. He joins Antony Walters and Jonathan Holmes as an Executive Director of the Company.

James also takes the position of Company Secretary in place of Stephen Ronaldson who retires from this position after more than 10 years' service.

Further to the above, Andrew Willetts, Non-executive director and Chairman of the Company's Audit & Risk Committee, was appointed to the Board in 2009 following the acquisition of Sapphire Primary Care Developments from Admenta Ltd (Lloyds Pharmacy). Andrew recently left Admenta but has agreed to remain on the Board of Ashley House plc as a Non-executive director and Chairman of the Company's Audit & Risk Committee until at least the publication of the financial statements for the year to 30 April 2018.

Christopher Lyons, Chairman of Ashley House commented "We are delighted to announce James' appointment. James brings experience as well as financial and strategic expertise to the Board. This is an important appointment for the Company as we ensure that the Board's composition and structure is appropriate to enable the Company to grow over the coming years. We thank Stephen Ronaldson for his long service as Company Secretary since 2007. I am also pleased that Andrew has agreed to remain on the Board and will continue to provide his invaluable support and advice."

Notes:

A list of James' current directorships together with those held in the last five years is set out below:

James is the beneficial owner of 162,063 ordinary shares of 1p in the Company, including shares held under the Ashley House Share Incentive Plan and representing approximately 0.27% of the Company's current issued share capital. 

James has confirmed that there is no further information to be disclosed pursuant to paragraph (g) of Schedule 2 to the AIM Rules.

Enquiries:

Ashley House plc                                                                       01628 600 340

Antony Walters

Jonathan Holmes

WH Ireland                                                                                0207 220 1666

(Nominated Adviser and broker to Ashley House plc)

Adrian Hadden

Ed Allsopp

James Sinclair-Ford