ESKEN LIMITED

Board/Management Information • Jul 2, 2018

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RNS Number : 2767T

Stobart Group Limited

02 July 2018

2 July 2018

Stobart Group Limited (the "Company")

AGM Update

On 14th June 2018, the Company announced that it had served notice on Andrew Tinkler (former executive director), summarily terminating his employment with the Stobart Group.  Mr Tinkler ceased to be a director of the Company with effect from 14th June 2018.

The Notice of the Annual General Meeting of the Company which was issued on 8th June 2018 included a resolution (Resolution 4) proposing the re-election of Andrew Tinkler, who was retiring by rotation, as a director.  That Resolution 4 is, given the removal of Mr Tinkler from the board of Directors on 14 June 2018, ineffective.

However, on 28th June 2018 Mr Tinkler served notice on the Company that he intends to propose himself for election at the Annual General Meeting of the Company, pursuant to Article 75(2) of the Company's articles of incorporation.

For the reasons set out in the Company's announcements of 14th and 15th June 2018, the Board considers, were a resolution to appoint Mr Tinkler as a director to be proposed, that its passing would not be in the best interests of the Company and shareholders as a whole.

Accordingly, the Board recommends that the shareholders vote against any resolution to appoint Mr Tinkler as a director, if proposed at the Annual General Meeting.

Enquiries:

Redleaf Communications

Charlie Geller

Charles Ansdell

+44 203 757 6880

[email protected]

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