Volution : Directorate change

Appointment of new Chairman

Volution Group plc (the 'Company', the 'Group' or 'Volution', LSE: FAN) a leading supplier of ventilation products to the residential and commercial construction markets, announces that further to the announcement of 10 January 2020 that Peter Hill would retire as Non-executive Chairman and be succeeded by Paul Hollingworth, Peter and the Board have agreed that in order to allow Peter to concentrate on his new Chairman-designate role at Petra Diamonds Limited, and with the search for a new Non-executive Director to Chair the Audit Committee now fully underway, it would be appropriate if Peter retired from the Volution Board at the end of the first half of the financial year, on 31 January 2020. This will allow Paul Hollingworth to assume the Chairmanship from 1 February 2020, the start of the second half of Volution's financial year.

Tony Reading, Volution's Senior Independent Director, will become Interim Chairman of the Audit Committee with effect from 1 February 2020, serving until a permanent successor is recruited and appointed.

Paul Hollingworth will also be appointed as Chairman of the Nomination Committee with effect from 1 February 2020. He will remain as a member of the Remuneration Committee.

- ENDS-

For further information:

Enquiries:
Volution Group plc
Ronnie George, Chief Executive Officer
[phone]

Andy O'Brien, Chief Financial Officer
[phone]

Tulchan Communications
James Macey White
David Allchurch
[phone]

Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014) prior to its release as part of this announcement.

Legal Entity Identifier: 213800EPT84EQCDHO768.

Note to Editors:

Volution Group plc (LSE: FAN) is a leading supplier of ventilation products to the residential and commercial construction markets in the UK, the Nordics, Central Europe and Australasia.

The Volution Group operates through two divisions: the Ventilation Group and the OEM (Torin-Sifan) division. The Ventilation Group comprises 15 key brands - Vent-Axia, Manrose, Diffusion, National Ventilation, Airtech, Breathing Buildings, Fresh, PAX, VoltAir, Kair, Air Connection, inVENTer, Ventilair, Simx and Ventair, focused primarily on the UK, the Nordic, Central European and Australasian ventilation markets. The Ventilation Group principally supplies ventilation products for residential and commercial ventilation applications. The OEM (Torin-Sifan) division supplies motors, fans and blowers to OEMs of heating and ventilation products for both residential and commercial construction applications in Europe.

For more information, please go to: www.volutiongroupplc.com