Glenveagh Regulatory News (GLV)

Glenveagh strengthens senior management team

Dublin & London - 16 January 2018: Glenveagh Properties PLC (GLV ID, GLV LN) ("Glenveagh" or the "Company") a leading Irish housebuilder listed on the Irish and London Stock Exchanges today announces four key hires to strengthen its already sector-leading senior management team. The below personnel are each set to join the business during Q1, 2018:

· Chief Commercial Officer: Wesley Rothwell. Wesley will join Glenveagh at the end of January 2018 after serving at CBRE in various capacities for 17 years. Most recently Wesley led CBRE's commercial and residential land and residential capital markets team in Dublin as Executive Director. Upon joining Glenveagh, Wesley will head up Land & Portfolio Management not only to acquire new land sites for the Company but also to actively asset manage Glenveagh's multi-year land bank. Wesley will chair the Company's Land Committee and join Glenveagh's Executive Committee.

· Chief People Officer: Diarmuid Leahy. Diarmuid formerly International HR Director at Marathon Oil Corporation, joined Glenveagh at the start of 2018. With over 25 years' experience across different industries, in Ireland and internationally, his most recent role was based out of Houston, Texas where he was accountable for all strategic HR functions in Africa, Canada, the UK, Kurdistan, and the Gulf of Mexico. At Glenveagh Diarmuid will guide and help our team to create a best in class people focussed organisation and position Glenveagh as an employer of choice. Diarmuid will also join Glenveagh's Executive Committee.

· Head of Planning: Chris McGarry. Chris will join Glenveagh on 21 February 2018. Most recently Chris was Head of Planning at the NAMA which he joined in 2011. A Chartered Town Planner and member of the Irish Planning Institute with over 27 years' experience and an occasional lecturer in planning law at University College, Dublin. Chris's previous roles include Operational Director of the Dublin planning office of RPS Group, Board member of Cluid Housing Association and Chairman of the Royal Town Planning Institute (Irish branch). At Glenveagh, Chris will lead the Company's highly effective planning team which has shown a consistent success rate in securing planning permissions for new homes and will help the organisation become a respected leader in the sustainable urbanisation of Dublin and other urban locations across Ireland, working credibly with public and private stakeholders, and providing opportunities for Glenveagh Living.

· Director, Strategy & Investor Relations: Conor Murtagh. Conor moves to Glenveagh in mid February 2018 from Investec in Dublin where he is an Associate Director, Corporate Finance. An ACCA qualified accountant with 10 years' corporate finance experience at Investec and NCB Group, Conor has advised corporates, PLCs and private equity clients on mergers and acquisitions, disposals, fundraisings and financings. At Glenveagh, Conor will work closely with the Company's CEO, CFO and Head of Investor Relations to assist in investor communications and executing corporate strategy.

Commenting on today's announcement, Glenveagh Co-Founder and CEO Justin Bickle said:

"In parallel with our objectives to deploy our equity raised at IPO to acquire a quality land bank and to meet our published construction targets, another key priority for Glenveagh since IPO has been to build out our business as a PLC.

We are therefore delighted to announce four key appointments, to supplement and strengthen the talented executive team already assembled, and to de-risk our business objectives. Each of these professionals are skilled and highly regarded in their fields and can bring considerable expertise and innovation to our sector as it becomes more institutional and forward looking in nature.

I look forward to working with Wesley, Diarmuid, Chris and Conor to build a world class organisation, to deliver high-quality homes for our customers, and create lasting value for our shareholders."

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Note to Editors

Glenveagh Properties PLC develops and builds starter, mid-size and executive/high-end homes (both houses and apartments) in Ireland. Glenveagh offers a platform that combines a 4,700 units landbank (assuming planning is granted) in the Greater Dublin Area, Cork, Galway and Limerick, with an award-winning developer and a sector-leading senior management team. In addition to developing its own land, Glenveagh augments its operations with joint venture and partnership arrangements to develop residential schemes on land owned by third parties via its Glenveagh Living division. www.glenveagh.ie