30 January 2023

Love Hemp Group plc

("Love Hemp", the "Group", or the "Company")

Board Response

Love Hemp Group PLC (AQSE: LIFE) (OTCQB: WRHLF), the brand-led consumer goods company focussed on CBD health and wellness solutions, is providing a response to recent communications made by Mr Philip Small on various online platforms.

The Board of Love Hemp Group would like to announce that it is aware of comments made on various online platforms by former Managing Director Philip Small. The Board intends to investigate the comments made but is shocked at the allegations made by Mr Small. For context, the Board recently questioned the validity of some VAT recharge invoices outstanding to Philip Small and asked him to provide proof of the so called monies outstanding relating to VAT rebates. So far, Mr Small has not been able to provide such evidence and the validity of those invoices remain in question. Mr Small has since sent threatening and abusive messages stating that if the invoice payments are not made, he will be releasing information about Love Hemp & the previous Board. When Mr Small joined Love Hemp, he was meant to join the PLC as a board member, but the Aquis nominated advisor (NOMAD) rejected the appointment as he failed to pass the relevant due diligence required to qualify to be a director of a public company. This was due to previous tax affairs and subsequent action by the HMRC against Mr Small. He was then a Consultant and Managing Director of Love Hemp. The current Board cannot justify why the previous Board made the decision to select Mr Small as the Managing Director.

In addition, during his tenure at Love Hemp, the Company believes Mr Small caused significant disruption to the group. This raised serious concerns that his actions have damaged the brand and resulted in unquantifiable losses. In particular, Mr Small led the discussions which resulted in Windfall Logistics' Ltd having a debenture on the business. Furthermore, Love Hemp had to settle a harassment case with an ex-employee due to the inappropriate behaviour of Mr Small.

After handing in his notice, Mr Small then asked for it to be rescinded. The then Board at the time decided not to rescind his resignation and accept it. In November 2022, we believe Mr Small attempted to take advantage of the debenture he introduced to the business during his term by brokering a deal to acquire Love Hemp for a fraction of its real value. If this had been accepted, this would have lost all shareholders significant value. The then Board refused and decided to accept the only reasonable offer available at the time, being a secured loan, made by a group of investors which included Kamran Sattar. We believe the comments made by Mr Small about Mr Sattar's investment, along with his business Portillion Capital Ltd are also confusing and defamatory only appearing to attempt to cause the business harm. The Board is pleased to confirm external advisors conducted thorough and enhanced background checks on Kamran Sattar which he passed successfully to become part of the new Board. However, Mr Sattar is unable to take up the Board appointment currently due to other work commitments.

Love Hemp rigorously refutes all the comments made by Mr Small. They are being thoroughly investigated by the Company's advisors including Love Hemp's legal team. However, until such investigation is completed, the Board has no reason to believe any of these comments to be true.

The Company continues to make progress to formulate next steps including financing options and will update the market accordingly.

--ENDS--

For further information please visit: www.lovehempgroup.com or contact:

Love Hemp Group                                           +44 (0) 203 968 6643

Tony Calamita, CEO                                         investor.relations@lovehempgroup.com

About Love Hemp Group

Love Hemp Group is a brand-led consumer goods company focussed on health and wellness solutions for consumer use cases including sleep, pain, anxiety, stress and recovery. The Company is a pioneer in the UK-based premium high-quality CBD market, with over 40 products including oils, edibles, sprays, cosmetics and topicals. The Company's range of products are sold online across 70 websites and in over 2,000 stores including some of the biggest retailers in the UK, such as Holland & Barrett, Boots and Ocado. Listed on the Aquis Stock Exchange (AQSE: LIFE) the Company recently changed its name to Love Hemp Group plc, from World High Life, to better reflect its focus on supporting the "best in class" CBD brand as it embarks on a wider expansion of its core business and offering.