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Sur La Table Names Billy May As Chief Executive Officer

Sur La Table, the leading retail destination since 1972 for those passionate about cooking and entertaining, announced today the appointment of Billy May as Chief Executive Officer. Mr. May, a fourth-generation retailer with over two decades of retail, digital marketing, and eCommerce experience, will also join the Board of Directors. He succeeds Diane Neal who retired earlier this year."We would like to thank Diane for her leadership and many contributions to Sur La Table," said Kevin Nickelberry, Managing Director at Investcorp and a member of Sur La Table's Board of Directors. "We are excited to work with Billy going forward and believe his extensive experience across the digital landscape – marketing, eCommerce, and omnichannel – aligns well with Sur La Table's strategic priorities."

May brings deep marketing, merchandising, and operations experience to Sur La Table with a strong focus on customer-facing growth initiatives across multiple platforms. He joins the company from Abercrombie and Fitch ("ANF") where he most recently served as Senior Vice President and member of the executive leadership team. At ANF, May was responsible for marketing, eCommerce, omnichannel and corporate expansion initiatives across all brands and geographies. Previously, he helped lead Global Digital and eCommerce at adidas Group, and held various leadership roles at Sears Holdings and Lowe's Companies. He started his career as an executive trainee and buyer within the May Department Stores Company. In addition to his executive role, May also serves as Vice Chair and member of the Board of Directors of Shop.org, the digital division of the National Retail Federation.

"As a lifelong retailer who is passionate about brands, I am excited to steward this iconic company," May said. "Sur La Table has a history of guiding customers across their culinary journey and a heritage focused on developing unique, multi-faceted experiences. I look forward to building upon that foundation and working with the team in what promises to be an exciting future for the organization."

About Sur La Table Sur La Table was founded by Shirley Collins in 1972 at Seattle's historic Pike Place Market. Today, customers passionate about cooking and entertaining can discover a leading selection of global brands in over 130 Sur La Table stores or online at www.surlatable.com.  The company's catalog of products encompasses cookware, kitchen and culinary electrics, bakeware, glassware, tabletop and bar, cookbooks, and locally sourced food and accessories. With cooking classes and culinary experiences in over 75 locations, Sur La Table also operates the largest nationwide avocational cooking program. Follow Sur La Table on Facebook, Instagram, Pinterest, and YouTube for ideas, inspiration, and culinary innovation.

About Investcorp  Investcorp is a leading global provider and manager of alternative investments, offering such investments to its high-net-worth private and institutional clients on a global basis. Led by a new vision, Investcorp has embarked on an ambitious growth strategy to double assets under management in the medium term. The Firm continues to focus on generating investor and shareholder value through a disciplined investment approach in four lines of business: corporate investment, real estate, alternative investment solutions and credit management.

Since its inception in 1982, Investcorp has made over 170 corporate investments in the U.S., Europe and the Middle Eastand North Africa region, including Turkey, across a range of sectors including retail and consumer products, technology, business services and industrials, and more than 400 commercial and residential real estate investments in the US, for in excess of $53 billion in transaction value.

Investcorp employs approximately 390 people across its offices in Bahrain, New York, London, Abu Dhabi, Riyadh, Doha, and Singapore. It is publicly traded on the Bahrain Bourse (INVCORP). For further information, including our most recent periodic financial statements, which details our assets under management, please visit: www.investcorp.com.

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