K3 BUSINESS TECHNOLOGY GROUP PLC

Share Issue/Capital Change • Apr 3, 2025

National Storage Mechanism | Additional information

RNS Number : 4379D

K3 Business Technology Group PLC

03 April 2025

AIM: KBT

K3 BUSINESS TECHNOLOGY GROUP PLC

("K3" or "the Group" or "the Company")

Provider of business-critical software solutions focused on fashion and apparel brands.

Board Change

K3, which provides business‐critical software solutions focused on fashion and apparel brands, announces that Eric Dodd, Chief Executive Officer, will be retiring from the Board and the Company on 30 September 2025.

Eric will retire with the Board's very grateful thanks and appreciation for his work since he joined the Company in April 2023 as Chief Financial Officer, latterly becoming Chief Executive Officer. Over this time, Eric has played a key role in reshaping the Group's cost base, implementing the Board's simplification strategy, and supporting its focus on shareholder value.

Following the recent sale of NexSys Solutions Limited, the Company's largest business unit, and in view of the separate announcement, issued today, regarding the Board's intention to return up to approximately £29m to shareholders in due course, subject to shareholder and Court consent, and to consult shareholders in relation to a possible de-listing of the Company from AIM, after such capital return, the Board does not intend to appoint a successor to Eric, and the remaining business unit heads will report directly to the Board. In the event that such a de-listing does not proceed for whatever reason, then further consideration will be given to this decision.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

Enquiries:

K3 Business Technology Group plc	Oliver Scott, Chairman	T: c/o 020 3178 6378
www.k3btg.com	Eric Dodd, Chief Executive Officer
Cavendish Capital Markets (NOMAD & Broker)	Julian Blunt/ Dan Hodkinson (Corporate Finance) Sunila De Silva (Corporate Broking)	T: 020 7220 0500
KTZ Communications	Katie Tzouliadis/ Robert Morton	T: 020 3178 6378

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