29 August 2017

Findel plc ("Findel" or "the Group")

Annual General Meeting and trading statement

Findel, the online value retailer, will hold its Annual General Meeting at 2pm today. Ahead of that meeting the board gives the following update on trading for the 20-week period to 18 August 2017:

The Group has made a good start to the year, with both businesses trading in line with expectations.

Express Gifts, the Group's largest business, continues to see growth in customers and revenue in excess of 10% which provides a strong platform ahead of its peak trading period. Findel Education has reported an improved performance in recent weeks, following a difficult start to the year, and is making good progress on the various pricing and cost initiatives designed to increase its profitability. The digital transformation of both businesses continues to progress well.

Enquiries

Findel plc Stuart Caldwell Phil Maudsley 0161 303 3465

Tulchan Communications LLP Susanna Voyle

Will Smith

020 7353 4200