Cairn Homes Regulatory News (CRN)

22 August 2017

Cairn Homes plc

Directorate Change

Dublin/London, 22 August 2017: As previously outlined in the regulatory announcements of 11 January 2017 and 24 April 2017 made by Cairn Homes plc (ISE:CRN, LSE:CRN) ("Cairn ", or the "Company"), the Irish homebuilding company, Timothy Kenny has been appointed as the Chief Financial Officer and Director of the Company, replacing Eamonn O'Kennedy.

The Board wishes to announce the commencement of Timothy Kenny's role on the Board and as Chief Financial Officer of Cairn, and the resignation of Eamonn O'Kennedy from the Board and from his position as Chief Financial Officer. This is effective as of today, Tuesday 22 August 2017.

There are no details requiring disclosure for Timothy Kenny under paragraph 6.6.7 (1) to (6) of the Listing Rules of the Irish Stock Exchange.

Ends

For more information, please contact:

Cairn Homes plc +353 1 696 4600

Michael Stanley

Tim Kenny

Powerscourt +44 20 7250 1446

Justin Griffiths

Jack Hickey

Drury Communications +353 1 260 5000Billy MurphyMorwenna Rice

Notes to Editors

Cairn Homes plc is an Irish homebuilder committed to building high-quality sustainable homes in excellent locations and providing unparalleled customer service at each stage of the home-buying journey. Cairn's highly experienced management team has a clear vision of delivering innovative and thoughtfully designed homes which meet market demand and enhance communities by placing home owners at the very centre of the design process. The Company owns 32 residential development sites with capacity for over 12,600 new homes, over 91% of which are located in the Greater Dublin Area (GDA) with excellent public transport and infrastructure links. Cairn is today building on eight sites in the GDA, which will deliver over 3,250 units.