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Expansion with new cafe openings across the UK and Ireland

Operational Update4 October 2022CCCConsumer Staples

5 October 2022

Cooks Coffee Company Limited


(“Cooks Coffee”, the “Company” or the Group)


Significant expansion with new café openings across the UK and Ireland


Cooks Coffee Company (NZX:CCC) the international coffee focused café chain, is

pleased to announce a significant expansion in the number of cafés operating under

the Company’s Esquires and Triple Two brands, representing expected growth of

almost 10% in store numbers before the end of the year.


The Company’s Esquires chain, which had 50 UK cafés at the end of September 2022,

has recently opened a new outlet in Islington, London, with a further three openings

in towns in Northamptonshire and Bedfordshire, England, planned before the end

of 2022. A further five store openings are currently scheduled in the UK in Q1 2023.

In Ireland, Esquires will shortly have a new café operating in a Dublin suburb and a

further opening is planned in County Carlow in Q1 2023, to add to the existing 15

Esquires cafés in Ireland.


The Company’s Triple Two brand is also focused on a significant number of

expansion opportunities, having already doubled the number of Triple Two cafés in

the last twelve months to 20, before these planned new launches. This month will

see the launch of the first of Triple Two’s “Triple Two Go” vans, providing a mobile

coffee outlet in the Manchester, UK, area. Additionally, five new stores are

currently planned to be opened in London and the south of England before the end

of 2022.


With these additional café openings Cooks Coffee’s total store count is expected to

rise from 111 cafés across the UK, Ireland and the Middle East as at the end of

September 2022 to over 120 by the end of 2022. Significant further expansion is

anticipated, with the Company having a very healthy pipeline of additional

opportunities in negotiation which are expected to see further stores opening in

the first half of 2023.


As announced on 15 August 2022, Cooks Coffee is planning to dual list on the Aquis

Growth Market in London in Q4 2022.


Keith Jackson, Executive Chairman of Cooks Coffee Company, said: “We are

delighted with the recent performance of both our Esquires and Triple Two cafés as

we continue to build a business of ethical coffee brands with community spirit.



Building on our position as the fourth largest coffee focussed café chain

in the UK (behind Starbucks, Costa and Caffé Nero), and the largest

solely franchisor focused café chain in the UK and Ireland, we see considerable

opportunities for further growth.


“The Cooks Coffee franchise model promotes individual entrepreneurship and local

community engagement, which appears to be resonating both with people who

want to partner with us to open new sites and existing franchisees looking to grow

their businesses through innovative new offerings. Having emerged from the

pandemic in a healthy position I believe Cooks Coffee is now poised for significant

growth that will deliver value for our shareholders. I look forward to providing

further updates in due course as we progress our planned dual listing on the Aquis

Growth Market in London and continue to grow the business.”




Enquiries:

Cooks Coffee Company Limited +64 21 702 509 (New Zealand)

Keith Jackson (Executive Chairman) +44 (0) 20 3814 5627 (UK)

ukinvestorrelations@cookscoffeecompany.com


IFC Advisory Limited(Financial PR & IR) +44 (0) 20 3934 6630

Tim Metcalfe cookscoffee@investor-focus.co.uk

Graham Herring

Florence Chandler


VSA Capital Limited (Aquis Corporate

Adviser & Broker)

+44 (0) 20 3005 5000

Andrew Raca, Pascal Wiese (Corporate Finance)

Peter Mattsson (Corporate Broking)


About Cooks Coffee

Cooks Coffee is an international coffee focused café chain building a family of

brands serving coffee, a full range of complimentary beverages and an extensive

range of food, all sharing a passionate philosophy to provide their communities with

excellent products and service based on integrity, sustainability, innovation and

appealing environments.

The Group operates under two brands: Esquires Coffee was founded nearly 30

years ago and Cooks Coffee acquired the global rights (excluding Australia and New

Zealand), focusing on operations in the UK and Ireland in 2013. Triple Two Coffee

was acquired in June 2020 and has an offering that is complementary to Esquires.

Triple Two was founded in 2016 and it is currently one of the fastest growing coffee

focused cafe brands in the UK.

With Esquires and Triple Two, Cooks Coffee has 111 outlets across the UK, Ireland

and its international markets as at the end of September 2022.

To find out more, visit www.cookscoffeecompany.com

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