Cairn Homes Regulatory News (CRN)

Cairn Homes plc announces the appointment of Chief Financial Officer

08 January 2020: Cairn Homes plc ("Cairn", or the "Company") (Euronext Dublin/LSE: CRN), the leading Irish homebuilding company, today announces the appointment of Shane Doherty as Chief Financial Officer effective from April 2020.

Mr Doherty will join Cairn from Morgan McKinley where he has been Group Chief Financial Officer. He succeeds Tim Kenny who resigns from the Board of Directors following his departure from the Company.

"Following a comprehensive recruitment process, I am delighted that Shane will be joining Cairn as CFO", said Michael Stanley Co-Founder and Chief Executive Officer of Cairn. "Shane has in-depth experience in senior financial and business leadership roles across a range of sectors and I look forward to working closely with him as we continue to develop and grow the business in the years ahead. I would also like to thank Tim for the valuable contribution he has made to Cairn and to thank the Finance Team at Cairn for ensuring a seamless transition."

Mr Doherty has been Group CFO at Morgan McKinley Ltd, an international professional staffing and resourcing solutions business, since March 2018. Prior to that, he was Group CFO at green energy developer, Gaelectric Holdings Ltd, European Finance Director at Paddy Power Group plc and led PaddyPower.com. Prior to his time at Paddy Power, he worked in various senior finance leadership roles in Eircom Group plc.

-ENDS-

For further information, contact:

Cairn Homes plc +353 1 696 4600

Michael Stanley, Co-Founder and CEO

Ian Cahill, Head of Finance

Declan Murray, Head of Investor Relations

Drury Communications +353 1 260 5000

Billy Murphy

Louise Walsh

Finsbury +44 207 251 3801

Gordon Simpson

Charles O'Brien

Notes to Editors

Cairn Homes plc ("Cairn") is the leading Irish homebuilder committed to building high-quality, competitively-priced, sustainable new homes in great locations. At Cairn, the homeowner is at the very centre of the design process and we strive to provide an unparalleled customer service throughout each stage of the home-buying journey. A new Cairn home is thoughtfully designed and built to last with a focus on creating shared spaces and environments where communities prosper. Cairn owns a c. 17,400 unit land bank across 35 residential development sites, over 90% of which are located in the Greater Dublin Area ("GDA") with excellent public transport and infrastructure links. Cairn is today building on 15 sites in the GDA, which will deliver over 5,250 new homes.