Company Announcements

05 July 2024

Gear4music (Holdings) plc

Board Succession Update

Gear4music (Holdings) plc ("Gear4music", "the Company" or "the Group"), the largest UK based online retailer of musical instruments and music equipment, is pleased to confirm the appointments effective today of Neil Catto as Senior Independent Director ('SID') and Sharon Daly as Non-Executive Director, as previously disclosed.

In addition, Ken Ford (Non-Executive Chair) and Dean Murray (NED) have today stepped down from the Board after reaching the end of their nine-year tenure.

Neil Catto, CFO of Revolution Beauty Group Plc and former CFO of BooHoo Group plc, joins the board as SID, and Sharon Daly, NED of Warpaint London PLC and Brickability Group Plc, joins as NED.

Neil Catto, Senior-Independent Director of Gear4music said:

"I am thrilled to be joining Gear4music at this exciting time in the Company's journey. Gear4Music has the enviable position of being the UK's premier retailer of musical instruments and equipment and this is a fantastic platform to build from. I look forward to working alongside Andrew and the rest of the Board to drive further profitable growth in the business.

Together, I am confident we will continue to drive Gear4music forward while staying true to the principles that have made it a leader in its field."

- Ends -

Enquiries:

Note: the Company confirms that there is no update to the information previously disclosed regarding the appointments of Neil Catto and Sharon Daly, as required under Rule 17 and Schedule 2(g) of the AIM Rules for Companies.

Following the changes, the Gear4music board now comprises effective today:

·    Andrew Wass - Executive Chair

·    Gareth Bevan - Chief Executive Officer

·    Chris Scott - Chief Financial Officer

·    Neil Catto - Senior Independent Director, Audit Committee chair and member of the Remuneration Committee

·    Harriet Williams - Independent Non-Executive Director, Remuneration Committee Chair and member of the Audit Committee

·    Sharon Daly - Independent Non-Executive Director and member of the Audit Committee and Remuneration Committee

About Gear4music (Holdings) plc

Operating from a Head Office in York, Distribution Centres in York, Bacup, Sweden, Germany, Ireland & Spain, and showrooms in York, Bacup, Sweden & Germany, the Group sells own-brand musical instruments and music equipment alongside premium third-party brands including Yamaha, Roland and Roland, to customers ranging from beginners to musical enthusiasts and professionals, in the UK, Europe and the Rest of the World.

Having developed its own e-commerce platform, with multilingual, multicurrency websites delivering to over 190 countries, the Group continues to build its overseas presence.