Company Announcements

REACH

Huddled Group PLC

6 August 2024

Huddled Group plc

("Huddled", the "Company" or the "Group")

Discount Dragon partners with Gordon Brown's Multibank charity initiative

Huddled Group plc (AIM: HUD), the circular economy e-commerce business, today announces a new partnership with former Prime Minister Gordon Brown's Multibank initiative, where the Group will actively support the shared mission of providing essential items to vulnerable communities within the UK.

The Multibank is a charitable initiative aimed at addressing poverty working with local communities to repurpose surplus products for public good. It was established by Gordon Brown in late 2022 to address the impact of the cost-of-living crisis on UK households. To date 1.5 million products have reached almost 150,000 beneficiaries across Fife, Wigan, and Swansea, with a new site also established in Greenford, West London, in July 2024.

As part of this partnership, Huddled will work with its suppliers to source excess stock, either at vastly reduced prices, or occasionally for free. So far, Discount Dragon has distributed over 500,000 toothbrushes, more than 40,000 nappies and 20,000 bars of soap to some of those most in need across the UK. Ahead of the opening of the Greenford site, Discount Dragon were pleased to also donate free of charge, 6,500 boxes of Nestle Baby Rice, with a retail value exceeding £30,000. 

Martin Higginson, CEO of Huddled Group, said:

''We are very proud to partner with the former Prime Minister Gordon Brown in his mission to create lasting positive impact for disadvantaged communities around the UK. We are committed to working with the Multibank's charities to alleviate poverty and we are pleased to do so in a manner that allows us to continue on our mission to reduce waste in the FMCG supply chain. We understand the issues faced by families today and will continue to be a force for good, helping those facing the greatest challenges."

Gordon Brown, founder of The Multibank said: "Given the scale of the poverty crisis facing families in Britain, we are very grateful to Huddled for the support they have already given to Multibanks and their promise to continue to support in the future."

Keely Dalfen, CEO of anti-poverty charity The Brick, participating in Wigan's Multibank said:

"Too many people in our local community are experiencing poverty and unable to afford the basic essentials so many of us take for granted. The demand on our services in the last two years has been unprecedented. Every day we see the amazing resilience of the people we support who are experiencing tough times, but the triple threat of a cost-of-living crisis, social care budget cuts and economic recession continues to make their lives increasingly hard. This partnership with Huddled will make a real difference to families experiencing difficult times, facing the impossible decision to eat, heat or keep clean. Thank you for their support which will ensure that the help is here to those who need it most."

- Ends -

 Enquiries:

For further information please visit www.huddled.com/investors, or contact:

This is a Reach announcement and the information contained is not considered to be material or to have a significant impact on management's expectations of the Company's performance. Reach is an investor communication service aimed at assisting listed companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.