Berkeley Group Regulatory News (BKG)

21 June 2023

THE BERKELEY GROUP HOLDINGS PLC

("Berkeley" or the "Company")

DIRECTORATE CHANGES

Berkeley announces that Sir John Armitt, Diana Brightmore-Armour and Andy Myers will step down from the Board and retire as Non-executive Directors of the Company at the conclusion of the Company's 2023 Annual General Meeting on 8 September 2023 ("2023 AGM"), each having passed nine years' service on the Board, in line with best corporate governance practice.

The Company has decided to take this opportunity to streamline the Board by reducing its size and so will not be replacing the departing Non-executive Directors. In addition, three Executive Directors, Justin Tibaldi, Paul Vallone and Karl Whiteman will also step down from the Board of The Berkeley Group Holdings plc at the end of the 2023 AGM, ensuring compliance with all aspects of Board composition under the UK Corporate Governance Code and Listing Rule 9.8.6R(9)(a). They will remain in their current operational roles and members of the Board of the Company's immediate subsidiary, The Berkeley Group plc, with Rob Perrins and Richard Stearn, the Group's CEO and CFO.

The retirements of the Non-executive Directors will result in the following changes to Board and Committee composition, to take effect from the conclusion of the 2023 AGM: Rachel Downey will replace Diana Brightmore-Armour as Senior Independent Director; Andy Kemp will replace Andy Myers as Chairman of the Audit Committee; Natasha Adams will replace Andy Kemp as Chair of the Remuneration Committee; William Jackson will join the Remuneration Committee; and Natasha Adams and Andy Kemp will join the Nomination Committee.

Following these changes, the Board will comprise an independent Non-executive Chairman, two Executive Directors and six Non-executive Directors. The Board size will therefore be reduced from fifteen to nine.

Michael Dobson, Chairman said:

"I would like to thank Sir John Armitt, Diana Brightmore-Armour and Andy Myers for their outstanding service to Berkeley over their tenure as Non-executive Directors. The Board has benefited greatly from their individual expertise and judgment and they leave with our best wishes.

I would like to pay tribute to Justin Tibaldi, Paul Vallone and Karl Whiteman for their significant contributions to the Board. They will remain key members of the Group's senior leadership team with Rob and Richard and their importance to Berkeley, internally and externally, will not change. I look forward to continuing to work with them over the years to come."

Ann Dibben

Company Secretary

The Berkeley Group Holdings plc

Enquiries:

Tim Robertson

Novella Communications

Tel: 020 3151 7008

LEI: 2138009OQSSLVVHQAL78