Grainger plc Regulatory News (GRI)

3 July 2018

Grainger plc

Appointment of Director of Strategy and Corporate Finance

Grainger plc, the UK's largest listed residential landlord, today announces that it has appointed David Prescott as Director of Strategy and Corporate Finance.

David will join Grainger's Executive Committee and will work closely with CEO Helen Gordon on the company's strategy. He will oversee Grainger's commercial finance team, reporting into Vanessa Simms, CFO.

David has over 10 years of real estate experience gained in both sell-side, buy-side and advisory roles. He joins from Kempen the Dutch investment bank, having previously worked as a research analyst at Barclays bank and Aviva Investors. David is a chartered accountant (ACA).

David's appointment is a testament to Grainger's ambitious growth plans in the UK private rented sector.

David is expected to join Grainger in late August 2018.

Helen Gordon, Chief Executive, said:

"I am pleased to announce the appointment of David Prescott as Grainger's Director of Strategy and Corporate Finance. David brings with him a great depth of experience and knowledge of the listed real estate sector, which will be valuable in Grainger's next stage of growth."

David Prescott said:

"The opportunity in front of Grainger in the UK private rented sector is very exciting and I am pleased to join at this critical point of transformational growth at the company and the wider sector."

-ENDS-

For further information:

Grainger plc

Kurt Mueller

London Office Tel: +44 (0) 20 7940 9500

Camarco (Financial PR adviser)

Ginny Pulbrook / Geoffrey Pelham-Lane

+44 (0) 20 3757 4992/4985