Cairn Homes Regulatory News (CRN)

4 September 2018

Cairn Homes plc

Directorate Change

Dublin/London, 4 September 2018: Cairn Homes plc (LSE/ISE: CRN) ("Cairn", "the Company", or "the Group"), the Irish homebuilding company, today announces that the Group's co-founder, Alan McIntosh, has decided to step down from his executive role and will move to a non-executive Director role on the Board.

Executive Change

Alan McIntosh, Executive director, who in 2014 co-founded Cairn Homes, is moving to a non-executive Director role with the Company. Following the successful IPO of Cairn in June 2015, Alan has been a core member of the executive team, playing a key role in the development of the Group's strategy and, in particular, driving initiatives in capital markets, banking and finance. Alan has significantly contributed towards building a company that is now considerably scaled, has a market capitalisation of €1.2 billion and is a constituent member of the ISEQ 20. Alan has decided this is an appropriate time to step down from his executive role and, as a non-executive Director, will remain committed to the business.

CEO, Michael Stanley, commented:

"I would like to record my sincere appreciation and gratitude for Alan's entrepreneurial vision and immense contribution to the creation and subsequent development of Cairn. Alan will remain on the Board as a non-executive Director to continue to contribute to the development of our Company over the coming years and to provide valuable support to the Board and the executive team."

-ENDS-

For more information, please contact:

Cairn Homes plc +353 1 696 4600

Michael Stanley

Tim Kenny

Drury Porter Novelli +353 1 260 5000

Billy Murphy

Morwenna Rice

Louise Walsh

Powerscourt +44 20 7250 1446

Justin Griffiths

Nick Dibden

Jack Hickey

Notes to Editors

Cairn Homes plc is an Irish homebuilder committed to building high-quality sustainable homes in excellent locations and providing exceptional 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 34 residential development sites with capacity for c. 14,500 additional new homes, with over 90% of those units located in the Greater Dublin Area (GDA) with excellent public transport and infrastructure links. Cairn is today building on 13 development sites in the GDA, which will deliver over 3,750 new homes.