Caledonia Regulatory News (CLDN)

APPOINTMENT OF CHIEF FINANCIAL OFFICER

The board of Caledonia Investments plc ("Caledonia" or the "Company") is pleased to announce that it has appointed Rob Memmott as Caledonia's Chief Financial Officer with effect from 1 September 2023.

Rob, a chartered accountant, has over 20 years' experience in senior financial leadership roles. He has significant listed company experience, having previously served as CFO of Arrow Global Group plc for seven years, which included its successful IPO, and John Laing Group plc before its take private transaction with KKR. Prior to this he was Finance Director of Leeds Bradford International Airport and Alfred McAlpine Infrastructure Services and CFO at Servisair-Globeground. Rob is also Treasurer and Pro Chancellor of the University of Sheffield.

Tim Livett, Caledonia's current Chief Financial Officer who advised Caledonia's board of his intention to retire in November 2022 once a suitable successor had been identified, will step down as a director on 1 September 2023 and leave the Company on 31 October 2023, to enable a smooth handover with Rob.

Commenting on the appointment, Mat Masters, Caledonia's Chief Executive Officer, said:

"We are delighted that Rob Memmott will be joining Caledonia. We expect his listed company and finance experience, across a range of industries and sectors will be highly complementary to our management team."

"I would also like again to extend the board's thanks to Tim Livett for his contribution to Caledonia and we wish him every success as he pursues a portfolio of non-executive roles."

Rob Memmott said:

"I am excited to be joining Caledonia, a company with a fantastic heritage built on a proven approach of investing in high-quality assets to create long-term value. I look forward to working with Mat and the team as we look to the opportunities ahead."

23 May 2023

For further information please contact:

Notes:

END

Notes for editors:

Caledonia Investments plc

Caledonia is a self-managed investment trust company. Our aim is to grow net assets and dividends paid to shareholders, whilst managing risk to avoid the permanent loss of capital. We achieve this by investing in proven, well-managed businesses that combine long term growth characteristics with an ability to deliver increasing levels of income. We hold investments in both listed and private markets, covering a range of sectors and, particularly through the listed and fund investments, have a global reach.

For additional information on Caledonia, please visit www.caledonia.com.