7 April 2020

LEI: 2138005C7REHURGWHW31

River and Mercantile Group PLC

(the "Company")

CORRECTION: DTR 5.6.1 DISCLOSURE

The announcement released on 29 November 2019 at 12:44 under RNS Number: 1852V incorrectly states that 30,873 Shares were issued in November 2019 to satisfy the exercise of options under the River and Mercantile Group SAYE Scheme. All other details in the announcement, including the total number of Shares in issue and total number of voting rights in the Company, were correct.

The correct number of Shares issued in November 2019 to satisfy the exercise of options under the River and Mercantile Group SAYE Scheme is 5,789.

The full corrected announcement is provided below.

For further information please contact:

River and Mercantile Group PLC +44 (0)20 3327 5100

Sally Buckmaster, Group Company Secretary

29 November 2019

LEI: 2138005C7REHURGWHW31

River and Mercantile Group PLC

(the "Company")

DTR 5.6.1 DISCLOSURE

Pursuant to DTR 5.6.1 the Company announces that the total number of ordinary shares of £0.003 ('Shares') in issue now stands at 85,434,336 and the total number of voting rights in the Company is 85,434,336. The Company does not hold any Shares in treasury.

The increase in the total number of Shares in issue is a result of 5,789 Shares having been issued to satisfy the exercise of options under the River and Mercantile Group SAYE Scheme.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

For further information please contact:

River and Mercantile Group PLC +44 (0)20 3327 5100

Sally Buckmaster, Group Company Secretary