Silverwood Brands PlcAQUIS: SLWD

Acknowledgement of Service & Defence Extension

· Issued by Silverwood Brands Plc

Silverwood Brands Plc

("Silverwood" or the "Company")

Acknowledgement of Service & Defence Extension

Silverwood Brands plc ("the Company") (AQSE: SLWD), a holding company established to invest primarily in branded consumer businesses, wishes to update shareholders following the announcement on 27 July announcing service of legal proceedings by Lush Cosmetics Limited and Cosmetic Warriors Limited (together "Lush"). The Company has filed its acknowledgement of service and has mutually agreed with Lush an extension to serve its defence by 21 September 2023.

Silverwood Brands plc

Andrew Gerrie

info@silverwoodbrands.com

VSA Capital - AQSE Corporate Adviser and Broker

+44(0)20 3005 5000

Andrew Raca, Simba Khatai, Alexander Cabral (Corporate Finance)