Strategy Update and 2019 Results Presentation February 24, 2020 RNS Number : 8219D Reach PLC 24 February 2020

Reach plc 24 February 2020 Reach plc Strategy Update and 2019 Results Presentaon

Reach plc ('Reach', 'the Company', 'the Group'), the largest commercial naonal and regional news publisher in the UK, is today making a presentaon to analysts and instuonal investors.

Jim Mullen, Chief Execuve Officer, and Simon Fuller, Chief Financial Officer and Company Secretary, will be joined by a number of the Company's senior management team to provide an update on the strategic plans for long-term value creaon.

The Group's growth strategy will ensure that through capturing customer insight and data, Reach connues to build an intelligent and relevant content business for the long term, ensuring a sustainable future for its trusted brands.

The Group is targeng having 7m registered customers by of 2022 versus less than 1m at the end of 2019. At the 2020 interims the Group plans to give an update on key monesaon themes, with an overall digital revenue target and meline expected to be announced with the 2020 year end financial results.

The customer value strategy being unveiled is centred on building an intelligent, relevant and trusted content business for the long term. Key pillars of the customer value strategy are: · Increased customer engagement - improved customer experience, deepening customer relaonships · A single view of the customer - a unified view of the customer across Reach · Revenue diversificaon and growth - innovaon to grow and diversify our revenue base · Harnessing talent and teams -a customer-centric culture underpinned by data

In addion to the strategic update, the presentaon will include a review of the 2019 full-year results.

No new material financial on will be provided.

Agenda · Welcome - Nick Preejohn, Chairman · 2019 Highlights - Jim Mullen, CEO · 2019 Financial update - Simon Fuller, CFO · Our customer value strategy - Jim Mullen, CEO · The me is and measures of success - Simon Fuller, CFO · Content … it's what we do - Lloyd Embley, Group Editor-in-Chief · In summary - Jim Mullen, CEO

Event details The presentaon will be held at Numis Securies, building, 10 Paternoster Square, London, EC4M 7LT, starng at 10.30am and lasng approximately two hours. Registraon and refreshments will be from 10.15am.

Analysts and instuonal investors interested in aending the presentaon should contact Tulchan Communicaons either by e-mail to [email protected] or by telephone +44 (0)20 7353 4200.

A conference call facility and live webcast will now also be available for analysts and instuonal investors unable to aend in person. Details are as follows: · Conference call - telephone number: 0800 376 7922 or +44 (0)20 7192 8000; conference ID number: 9863544 · Webcast - URL: hps://edge.media-server.com/mmc/p/3i287h2k

A copy of the presentaon and replay recording of the presentaon via audio webcast will be available at www.reachplc.com later today.

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Enquiries

Reach 020 7293 3000 Jim Mullen, Chief Execuve Officer Simon Fuller, Chief Financial Officer and Company Secretary Angus Prence, Interim Investor Relaons Director

Tulchan Communicaons 020 7353 4200 David Allchurch / Giles Kernick

Forward-looking statements This announcement has been prepared in relaon to the financial results for the 52 weeks ended 29 December 2019. Certain informaon contained in this announcement may constute 'forward-looking statements', which can be idenfied by the use of terms such as 'may', 'will', 'would', 'could', 'should', 'expect', 'seek, 'ancipate', 'project', 'esmate', 'intend', 'connue', 'target', 'plan', 'goal', 'aim', 'achieve' or 'believe' (or the negaves thereof) or words of similar meaning. Forward-looking statements can be made in wring but also may be made verbally by members of management of the Company (including, without limitaon, during management presentaons to financial analysts) in connecon with this announcement. These forward-looking statements include all maers that are not historical facts and include statements regarding the Company's intenons, beliefs or current expectaons concerning, among other things, the Company's results of operaons, financial condion, changes in global or regional trade condions, changes in tax rates, liquidity, prospects, growth and strategies. By their nature, forward-looking statements involve risks, assumpons and uncertaines that could cause actual events or results or actual performance or other financial condion or performance measures of the Company to differ materially from those reflected or contemplated in such forward-looking statements. No representaon or warranty is made as to the achievement or reasonableness of and no reliance should be placed on such forward- looking statements. The forward-looking statements reflect knowledge and informaon available at the date of this announcement and the Company does not undertake any obligaon to update or revise any forward-looking statement, whether as a result of new informaon or to reflect any change in circumstances or in the Company's expectaons or otherwise.

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