Board Change

Carr's (CARR.L), the Agriculture and Engineering Group, announces that Hugh Pelham has stepped down from his role as Chief Executive Officer, leaving the Group with immediate effect, and will pursue other interests. Peter Page, Chairman, has become Executive Chairman on an interim basis.

Peter Page, Chairman, commented: "On behalf of the Board we thank Hugh for his contribution since joining at the beginning of the year. Group performance remains in line with the improved guidance provided in our Trading Update on 19 July 2021.  We look forward to updating shareholders on the Group's progress at the time of our Full Year results on 22 November."

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About Carr's Group plc:

Carr's is an international leader in manufacturing value added products and solutions, with market leading brands and robust market positions in Agriculture and Engineering, supplying customers in over 50 countries around the world.  Carr's operates a decentralised business model that empowers operating subsidiaries enabling them to be competitive, agile, and effective in their individual markets whilst setting overall standards and goals.

Its Speciality Agriculture division manufactures and supplies feed blocks, minerals and boluses containing trace metals and minerals for livestock.

Its Agricultural Supplies division manufactures compound animal feed, distributes farm machinery and runs a UK network of rural stores, providing a one-stop shop for the farming community.

Its Engineering division designs and manufactures pressure vessels, manufactures precision components from specialist steel alloys, manufactures robotic manipulators, and provides engineering design, assembly, and installation services for the nuclear, defence and oil & gas industries.

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