Fenner PLC Regulatory News (FENR)

20 December 2016

This announcement contains inside information

Fenner PLC

("Fenner" or "the Company")

Board Changes

Fenner PLC is pleased to announce that Vanda Murray OBE has agreed to take up the role of Non-Executive Chairman of the Company with immediate effect, having been the acting Non-Executive Chairman since 8 June 2016.

Vanda Murray has been an independent non-executive director of the Company since January 2012. Her selection as independent Non-Executive Chairman follows a rigorous process using external head-hunters; the process was overseen by Non-Executive Director Chris Surch on behalf of the Board.

Commenting on her appointment, Vanda Murray said "I am delighted to have been asked by the Board to accept the role of Chairman. I am committed to taking the Company forward, building on the progress we are making and creating value for our shareholders."

The Company is also pleased to confirm that Chris Surch has been appointed as the Senior Independent Director and that Geraint Anderson will become the Chairman of the Remuneration Committee.

As announced on 16 December 2016, the Company received from Teleios Capital Partners LLC a Notice to requisition a resolution at the forthcoming Annual General Meeting due to be held on 11 January 2017 asking shareholders to approve the appointment of Michael E. Ducey as a non-executive director of the Company. More details about the shareholder resolution and Company response are set out in Notice of Additional Shareholder Resolution for the AGM which is available at www.fenner.com.

The Board of Directors strongly opposes the appointment of Mr. Ducey, as the Board does not believe Mr. Ducey would be additive in terms of skills, experience and background and the Board does not consider him to be independent of the shareholder nominating him. In addition the Board does not believe that his appointment would be in the interests of Fenner shareholders.

Furthermore, the ongoing search process for a new CEO has been materially disrupted by the current shareholder activity to elect Mr. Ducey to the Board. While the search for a new CEO candidate continues, Mark Abrahams has agreed to remain as CEO in order to preserve stability.

The Board has also commenced its search for a new independent non-executive director who will be a complementary fit and with a background in Fenner's growth sectors and a strong track record.

The Board believes that together these changes are the best way to build on the progress and momentum achieved over the last year.

The person responsible for making this announcement is:

Debra Bradbury - Group Company Secretary

ENDS

For further information please contact:

Notes to editors:

Fenner PLC is a world leader in reinforced polymer technology, providing local engineered solutions for performance‐critical applications.