Cairn Homes Regulatory News (CRN)

CAIRN HOMES PLC

Directorate Change and Committee Update

10 November, 2021: Cairn Homes plc ("Cairn", "the Company" or "the Group"), the leading Irish homebuilding company, is pleased to announce the appointment of Ms Orla O'Gorman as an independent, non-executive Director. Ms O'Gorman's appointment, effective immediately, reflects the Board's continued focus on composition, diversity and effectiveness. Upon her appointment, Ms O'Gorman will join the Audit & Risk Committee and the Nomination Committee.

Orla O'Gorman

Ms O'Gorman brings rich sectoral expertise in assisting companies to grow and scale, with over 25 years experience as an executive leader and adviser to a range of businesses. Most recently, Orla spent six years at the Irish Stock Exchange ("ISE"), where she was Head of Equity. She was centrally involved in the sale of the ISE to Euronext in 2018 and, following that transaction, was appointed as Head of Listing for UK and Ireland. Prior to joining the ISE, Ms O'Gorman founded OR Associates, and previously held senior management positions at Eurologic Systems, ABN AMRO and PwC.

Ms O'Gorman is a member of the Corporate Governance Committee at Euronext Dublin, the European Commission's SME Technical Expert Group and the Chartered Accountants Ireland Sustainability Expert Working Group. Orla is a qualified accountant, holds a Bachelor of Commerce from University College Dublin and a Master of Accounting from UCD Smurfit School.

John Reynolds, Cairn Chairman said:

"Orla brings significant capital markets and commercial experience to the Cairn Board. In addition, Orla's insights and expertise with respect to ESG will further enhance sustainable innovation across Cairn. I look forward to working alongside Orla as Cairn continues to grow and make a significant contribution to Ireland's housing needs.

This latest appointment further strengthens and diversifies the Board to ensure we have the broad range of skills, gender balance, insight and expertise to continue to grow our business, and strengthen our position as Ireland's leading homebuilding company."

Ongoing Board Refreshment

The appointment of Orla O'Gorman follows the recent appointment of Julie Sinnamon to the Board as an independent, non-executive Director. As previously announced, Andrew Bernhardt will also retire at the end of 2021, having served as a non-executive Director since the Group's IPO in 2015. Jayne McGivern also stepped down from the Board in September to pursue a new executive opportunity.

Committee Composition

Following the appointments of Julie Sinnamon and Orla O'Gorman to the Board, the recent retirement of Jayne McGivern and the planned retirement of Andrew Bernhardt at the end of 2021, the Board Committees have been updated. The below table reflects the new composition of each Committee following the changes and are effective immediately. Andrew Bernhardt will retain his membership of the Audit & Risk and Remuneration Committees until the end of the year, when he will step down from the Board.

-ENDS-

For further information, contact:

Cairn Homes plc +353 1 696 4600

Tara Grimley, Company Secretary

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. 16,400 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.