Board Appt and Bank Funding

Torex Retail PLC
14 February 2007



                        Torex Retail plc (the 'Company')



             Appointment of New Chairman and Increased Bank Funding





Torex Retail plc, a leading global retail systems provider, today provides a
further update as to its board composition and financing arrangements.



The Company announces that Steve Marshall has been appointed to the main Board
with immediate effect as Non-executive Chairman.  Mr Marshall has had a
prestigious career in industry, including as CEO of both Railtrack PLC and Thorn
PLC, having also been group finance director at both companies.  He is currently
non-executive chairman of Delta PLC and a non-executive director of Balfour
Beatty PLC and Southern Water Services Ltd.  He was also executive chairman of
Queens Moat Houses PLC.



This appointment follows those recently of Keith Taylor as Acting Chief
Executive Officer and Iain Lynam as Chief Restructuring Officer, all of which
considerably strengthen the Board's operational and corporate restructuring
experience.



The Company also announces that its syndicate of banks has agreed to provide the
requested additional short-term working capital facility of £15.0 million. The
Board considers that this will be sufficient to meet the Company's short-term
working capital requirements.  The £15.0 million is in addition to the Company's
existing total banking facilities of £152.5 million comprising term loans and
overdraft facilities.



The Company expects to enter into further discussions with its bankers with
respect to its medium to long term financing requirements in the next few
months, when the Company has finalised results for the financial year ended 31
December 2006 and has an up to date view of the 2007/2008 trading prospects.



The Board is very pleased that it has concluded discussions with the Company's
lenders with respect to its short-term financing requirements and that the
Company's lenders remain supportive.  The Board is also delighted to have
appointed somebody of the calibre of Steve Marshall, whose experience and
guidance will be of great benefit to the Company during this period.



                                    - Ends -



Enquiries:



Keith Taylor

Acting CEO, Torex Retail plc

Tel: [phone]



Ginny Pulbrook / Seb Hoyle / Lucie Holloway

Citigate Dewe Rogerson

Tel: [phone]



Additional details are set out below:



Steve Marshall (age 50)



Present directorships or partnerships: Delta PLC, Balfour Beatty PLC, Southern
Water Services Ltd



Directorships or partnerships in previous five years: Queens Moat Houses PLC,
Railtrack Group PLC



Details of companies entering insolvency whilst a director or within 12 months
of resignation: RT Group Holdings Ltd



No unspent convictions, bankruptcy or IVAs, no receivership of assets, no public
criticism by regulatory bodies.



There is nothing further to disclose in relation to their appointment pursuant
to Rule 17 of the AIM Rules.


                      This information is provided by RNS
            The company news service from the London Stock Exchange