Brooks Macdonald Regulatory News (BRK)

27 November 2023

BROOKS MACDONALD GROUP PLC

Chairman succession

Brooks Macdonald Group plc (the "Group"), the AIM listed investment management group, today announces the appointment of Maarten Slendebroek as Chairman, subject to regulatory approval, and as Non-Executive Director with immediate effect. He will succeed Richard Price, Acting Chairman. Having completed a nine-year term, Richard intends to step down from the Board once Maarten receives regulatory approval.

Robert Burgess, the Senior Independent Director who led the process to appoint a successor to Mr. Price, commented:

"We have conducted a rigorous selection process for our new Chairman, following the strict criteria laid down by the Group Board. Maarten Slendebroek was the outstanding candidate and we are extremely pleased he has agreed to become Chairman. Maarten has extensive experience in financial services, including as CEO of Jupiter for five years from February 2014 and as Chair of the Supervisory Board of Robeco since August 2020.

"On behalf of the Board I would like to thank Richard Price for the contribution he has made to the development of Brooks Macdonald. He has been Chair of the Audit Committee, Senior Independent Director and, most recently, Acting Chairman. He has been a valuable counsel to the Group CEO throughout that time and will be missed. Richard leaves the Group in a strong position for the future and in good hands."

Maarten Slendebroek, the incoming Chairman of the Group, commented:

"I am delighted to be joining Brooks Macdonald at a pivotal point in its history, well-positioned in its market with exceptional adviser and client relationships supporting its ambitious growth strategy. I look forward to working with my new Board colleagues and the executive team led by Andrew Shepherd, and I am confident in the Group's continued success."

Required disclosures pursuant to paragraph (g) of schedule 2 of the AIM Rules

Mr. Slendebroek's full name is Maarten Frederik Slendebroek and he is 62 years of age.

Mr. Slendebroek is currently a director of the following companies:

· Robeco Holding B.V.

· Robeco Institutional Asset Management B.V.

· Mintus Group Limited

· Mintus Trading Limited

· Orchestra of the Age of Enlightenment Trust

· 32 Fitzjohns Avenue Limited.

During the five years immediately preceding the date of this announcement, Mr Slendebroek held the following directorships:

· Mintus Prometa A Limited

· Jupiter Fund Management plc.

There are no further matters to be disclosed pursuant to paragraph (g) of schedule 2 of the AIM Rules.

Enquiries to:

Notes to editors

Brooks Macdonald Group plc, through its various subsidiaries, provides leading wealth management services in the UK and internationally. The Group, which was founded in 1991 and began trading on AIM in 2005, had discretionary Funds under Management of £16.9 billion as at 30 September 2023.

Brooks Macdonald offers a range of investment management services to private high net worth individuals, pension funds, institutions, charities and trusts. The Group also provides financial planning as well as international investment management, and acts as fund manager to a range of onshore and international funds.

The Group has fourteen offices across the UK and Crown Dependencies including London, Birmingham, East Anglia, Exeter, Leeds, Manchester, Nuneaton, Southampton, Tunbridge Wells, Scotland, Wales, Jersey, Guernsey and Isle of Man.

LEI: 213800WRDF8LB8MIEX37

www.brooksmacdonald.com / @BrooksMacdonald