CBP.L Regulatory News (CBP)

21 November 2022

Curtis Banks Group plc

("Curtis Banks" or "the Group")

Board changes

Curtis Banks (AIM: CBP), one of the UK's leading SIPP providers, is pleased to announce the appointment of Susan McInnes as an Independent Non-Executive Director with immediate effect. Susan has also been appointed Chair of the Remuneration Committee and a member of the Risk and Customer Outcomes Committee. Jill Lucas, Non-Executive Director, will step down from the Board of Curtis Banks and from the Chair of Dunstan Thomas with effect from 9 December 2022 in order to focus more time on her other business interests.

Mrs McInnes spent over 10 years with the Phoenix Group where she held a number of roles including Customer Director, and Group Chief Risk officer before being appointed as Chief Executive of Standard Life Assurance and Group Director of their Open Business. She is currently on the Board of Rowanmoor Group Limited, Royal & Sun Alliance Insurance Limited and Liverpool Victoria Financial Services Limited.

David Barral, Chairman of Curtis Banks, commented: "I am delighted to welcome Susan to the Board. She brings a wealth of financial services operational experience with a strong focus on customers, people and risk. I would also like to thank Jill for her significant contribution to the Board since her appointment in early 2021 and we all wish her well for the future."

Susan McInnes, Non-Executive Director, commented: "I am delighted to be joining Curtis Banks at this exciting time in the Group's development. The SIPP market plays an important part in the UK pension provision and the Group is well positioned to advance forward with its aims. I look forward to collaborating with the executive on delivering growth from the market opportunities."

AIM disclosures:

The following information regarding the appointment of Susan Davidson McInnes, aged 60, is disclosed under Schedule 2(g) of the AIM Rules for Companies.

Current directorships and/or partnerships:

Liverpool Victoria Financial Services Limited

Regent Bidco Limited

Rowanmoor Executive Pensions Limited

Rowanmoor Group Limited

Royal & Sun Alliance Insurance Limited

RSA Insurance Group Limited

Former directorships and/or partnerships (within the last five years):

Abbey Life Assurance Company Limited

PA (GI) Limited

Pearl Customer Care Limited

Phoenix Customer Care Limited

Phoenix Life Assurance Limited

Phoenix Life Limited

Phoenix Wealth Services Limited

Rowanmoor Personal Pensions Limited

Scottish Mutual Customer Care Limited

Standard Life Assurance Limited

The Phoenix Life SCP Institution

The Scottish Mutual Assurance Society

Susan was appointed as a Non-Executive Director of Rowanmoor Personal Pensions Limited ("RPPL") in October 2021. She was appointed with a mandate to assist RPPL in dealing with historic complaints regarding its SIPP business dating back primarily to 2008-2013 and to ensure that its customers were treated fairly and consistently and in accordance with the FCA's Principles and Rules. RPPL appointed an administrator on 31 August 2022 and simultaneously Susan McInnes resigned from the Board. A notice of administrator's proposals has recently been filed which indicates that the estimated deficiency as regards creditors is very significant.

Regent Bidco Limited appointed a liquidator in a members voluntary winding up in September 2022.

Susan McInnes does not have any beneficial interest in the ordinary shares of the Company.

There is no further information to be disclosed pursuant to Schedule Two Part (g) of the AIM Rules for Companies.

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