MIDWICH GROUP PLC

Capital/Financing Update • Jul 9, 2019

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RNS Number : 8539E

Midwich Group PLC

09 July 2019

9 July 2019

Midwich Group PLC

("Midwich" or the "Group")

Notice of Trading Update

Midwich Group (AIM: MIDW), a specialist audio visual distributor to the trade market with operations across the UK and Ireland, Continental Europe and Asia Pacific, will announce its Half Year Trading Update on 22 July 2019 ahead of the publication of Interim Results on 10 September 2019.

For further information:

Midwich Group plc Stephen Fenby, Managing Director Stephen Lamb, Finance Director	Tel: +44 (0) 13 7964 9200
Investec Bank plc (NOMAD and Joint Broker to Midwich) James Rudd Carlton Nelson	Tel: +44 (0) 20 7597 5970
Berenberg (Joint Broker to Midwich) Ben Wright Mark Whitmore Laure Fine	Tel: +44 (0) 20 3207 7800
FTI Consulting Alex Beagley Tom Hufton Fern Duncan	Tel: +44 (0) 20 3727 1000

About Midwich Group

Midwich is a specialist AV distributor to the trade market, with operations in the UK and Ireland, Continental Europe and Asia Pacific. The Group's long-standing relationships with over 400 vendors, including blue-chip organisations, support a comprehensive product portfolio across major audio visual categories such as large format displays, projectors, digital signage and professional audio. The Group operates as the sole or largest in-country distributor for a number of its vendors in their respective product sets.

The Directors attribute this position to the Group's technical expertise, extensive product knowledge and strong customer service offering built up over a number of years. The Group has a large and diverse base of over 17,000 customers, most of which are professional AV integrators and IT resellers serving sectors such as corporate, education, retail, residential and hospitality. Although the Group does not sell directly to end users, it believes that the majority of its products are used by commercial and educational establishments rather than consumers.

Initially a UK only distributor, the Group now has 900 employees across the UK and Ireland, Continental Europe and Asia Pacific. A core component of the Group's growth strategy is further expansion of its international operations and footprint into strategically targeted jurisdictions.

For further information, please visit www.midwichgroupplc.com

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