Inland Homes plc announced that Simon Bennett, Chairman and the Group's other non-executive directors Carol Duncumb and Brian Johnson have resigned from their respective roles at the Company with immediate effect. The Board would like to place on record their due to Simon, Carol and Brian for their contributions to the Group and to wish them well in the future. The Company has become aware of certain related party issues (which may or may not fall to be treated as related party transactions under the AIM Rules) of which the Board was not informed at the relevant times.

The Company is collating relevant details, following which a further announcement will be made. Whilst Simon Bennett has resigned as Chairman, in order that the Company can meet the minimum number of directors prescribed under the Company's Articles (which is two), he has agreed to remain in place as a non-executive director for a maximum period of two weeks whilst the Company formalises an additional appointment or appointments to the Board and for due diligence checks to be completed. As a consequence, Simon Bennett's resignation from the Board will become effective on the appointment of another Director to the Inland Homes board or at the close of business on 14 March 2023 whichever is the earlier.