22 January 2013

BEALE PLC ("Beale" or the "Company") BOARD CHANGES

Beale PLC announces the resignation of Mr Tony Brown, Chief Executive Officer (CEO) of the Company. Mr Brown will leave the business on 8 February 2013, having been CEO since 2008, and will be leaving Beale to take up another opportunity. The Board wish him well in his new challenge.
As announced on 28 June 2012, Michael Hitchcock was appointed as an interim Chief Financial Officer. The Company is now pleased to announce that Michael has been appointed to the Board and will take up the role of CEO of Beale. Michael has extensive experience within the retail sector having previously worked as chief financial officer at Ottakars Plc and Moss Bros Group Plc respectively. Since joining Beale, Michael been instrumental in leading many of the Company's business initiatives and in a very short period of time has had a major impact on the business.
There are no further disclosures with regard to the appointment of Mr Hitchcock under paragraph 9.6.13 of the Listing Rules.
Tony Richards who was appointed to the Board as Trading Director on 1 September
2011 will take a greater role in the trading development of the Company and Chris Varley ACA, Beale's financial controller and Company Secretary, will become Head of Finance.

Keith Edelman, Chairman of Beale commented:

"The Board is confident that the new management team has the right combination of skills to meet the Company's major objective of returning Beale to profitability".
For further information

Beale PLC Tony Brown Michael Hitchcock Tel: 01202 552022

Shore Capital Bidhi Bhoma Anita Ghanekar
Tel: 0207 408 4090

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