Directorate Change

4Less Group plc (The)
15 August 2005



                              THE 4LESS GROUP PLC



                                 Board changes



                                Issue of Options



Board changes



The 4Less Group Plc ('4Less' or the 'Company') are pleased to announce the
appointments of Richard John Charles Collier (aged 51) and David Brian Haddon
(aged 60) as chief executive officer and marketing director respectively.



David Haddon commences his role with immediate effect.  Nigel Paul will continue
as chief executive officer during a period of handover which is anticipated to
be completed by the end of September, following which Nigel will continue as a
non-executive director.  James Corsellis is resigning as non-executive director
with immediate effect.



Chairman Eric Peacock said 'Following the completion of the re-organisation, we
now move to the next stage of expansion of the business.  We are delighted with
these appointments.  Richard's knowledge of the industry and his skills and
expertise as CEO combined with the dedicated marketing role of David as
Marketing Director are central to our development plans.



Having taken over the role of CEO to oversee the reorganization process, Nigel
will continue to provide his expertise to the company in the role of
non-executive director.



We would also like to express our thanks to James for his valuable contributions
to the business since its earliest days.'





Details on directors



Richard John Charles Collier



Current directorships

High Marsh Holdings

Maghreb Mining plc

Past directorships
Lenlyn Holdings Plc
Lenlyn UK Limited
Lenlyn Limited
International Currency Exchange PLC
International Currency (Europe) Exchange PLC
Exchange Corporation Europe Ltd
Hoopoe Investments Limited
Hoopoe Finance Limited
Merchant Trade Finance Limited
Merchant Commercial Finance Limited
ICE Properties Limited
Travelcare Services Limted
R Raphael & Sons Plc
Siberian Platinum Limited
Siberian Copper Limited
Tundra Gold Plc
Zetech Power Plc


Richard Collier was a director of Zetech Power Plc, a pre-commercial fuel cell development company which was placed into
administration when the company was unable to raise further development capital following the events in New York 2001. 
In their report to the creditors of Zetech Power Plc dated 10 January 2002 the joint administrators reported that the 
statement of affairs made by the directors of Zetech Power Plc as at 5 November 2001 revealed that the company was 
insolvent on both a going concern basis and break-up basis. On any basis of realisation, the assets would after costs be
sufficient only to pay the costs of administration and make small payments on account of preferential claims leaving 
nothing for any other class of creditors. The joint administrators further proposed that at the end of administration 
the company be placed into liquidation and by the Order of the High Court of Justice dated 8 December 2003 the 
administration order of 5 November 2001 was discharged and Zetech Power Plc was ordered to be wound up.



David Brian Haddon



Current directorships / partnerships

The Smart Chemical Company Limited

Quintim Contract Management




Past directorships

None



Save as disclosed above there are no further disclosures required to be made in
respect of Mr. Collier and Mr. Haddon with regard to paragraph (g) of Schedule 2
of the AIM Rules.





Issue of options



Following the AIM flotation there were share options over 2,408,886 ordinary
shares and share warrants over a further 858,329 ordinary shares.  As a result
of the reorganisation 2,251,886 share options have lapsed, including those
granted to the executive directors.





The Company has granted the following new options to Directors:


                       Number of options     Exercise period   Exercise price  Total Number of options
                                                                                       following issue

Nigel Paul                       600,000       Up to 5 years              28p                  600,000
Tim Sullivan                   1,000,000       3 to 10 years        30p - 60p                1,000,000
Richard Collier                1,000,000       3 to 10 years      34.5p - 75p                1,000,000
David Haddon                     300,000      Up to 10 years            37.5p                  300,000
Ian Collins                      150,000       3 to 10 years          30p-60p                  187,333



After the granting of these options there are share options over 3,207,000
ordinary shares and no change in the number of share warrants





For information contact:



Nigel Paul

The 4Less Group - 020 7594 0594



Olly Cairns

Corporate Synergy Plc - 020 7448 4400








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