Appointment of Non-Executive Chair Designate

30 November 2022

Carr's Group plc
("Carr's" or the "Company")

Appointment of Non-Executive Chair Designate

Carr's Group plc (LSE: CARR), the Speciality Agriculture and Engineering Group, announces the appointment of Tim Jones as Non-Executive Chair Designate with effect from 1 February 2023.  Subject to election by shareholders, Tim will become Non-Executive Chair following conclusion of the Company's AGM which is expected to take place in February 2023.

Upon Tim becoming Non-Executive Chair, Peter Page will relinquish the role of Executive Chair held since October 2021 and take up the role of Chief Executive Officer as previously announced on 5 August 2022.

Since 2012, Tim has served as Non-Executive Chair of Treatt plc, the LSE-listed manufacturer of natural extracts and ingredients, where he developed a board and leadership team which has overseen substantial long-term growth in shareholder value. He is due to stand down at the company's AGM in January 2023. Tim is also Chair of Allia Charitable Group, a social impact financier and catalyst, which he initially joined as Chief Executive Officer in 2002. In 2022, Tim was appointed Chair of SP-Logistics Holdings Limited, a multi-national clinical-trials logistics organisation trading as the Oximio Group.

Tim is an FCA-approved Person and a member of the Chartered Institute of Securities and Investment. He is also an Associate of the Chartered Insurance Institute.

Tim's appointment follows an external search process led by the Senior Independent Director, John Worby. Tim has been assessed as independent by the Board. Upon becoming Non-Executive Chair, Tim will serve as Nomination Committee Chair and as a member of the Remuneration Committee.

Tim Jones, Non-Executive Chair Designate, commented: "I am delighted to be joining Carr's at this immensely exciting point in the Company's development. Both the Speciality Agriculture and Engineering divisions are industry-leading businesses, and I very much look forward to helping guide the Company, supporting long-term value creation for its shareholders and wider stakeholders."

Peter Page, Executive Chair, commented: "I am very pleased that Tim is joining the Board of Carr's as Non-Executive Chair as we start a new phase in the Company's development, focusing on the substantial growth opportunities in Speciality Agriculture and Engineering. I look forward to working with Tim and all members of the Board to build shareholder value over the coming years."

John Worby, Senior Independent Director, commented: "On behalf of the Board, I am pleased to be welcoming someone of Tim's extensive experience, which spans a range of industries and roles, and I am confident that Tim's knowledge and guidance will be invaluable to Carr's as we pursue our growth agenda."

There is no additional information required to be disclosed pursuant to Listing Rule 9.6.13 in relation to the appointment of Tim Jones to the Board.

About Carr's Group plc

Carr's is an international leader in manufacturing value added products and solutions, with market leading brands and robust market positions in Agriculture and Engineering, supplying customers in over 50 countries from sites in the UK, USA and Europe. Carr's operates a decentralised business model that empowers operating subsidiaries enabling them to be competitive, agile, and effective in their individual markets whilst setting overall standards and goals.

Its Speciality Agriculture Division manufactures and supplies feed blocks, minerals and boluses containing trace elements and minerals for livestock. Its Engineering Division designs and manufactures bespoke equipment, including robotic and remote handling equipment, and provides technical services primarily into nuclear, oil and gas, and defence industries.