Grainger plc Regulatory News (GRI)

23 November 2021

Grainger Trust

the affordable housing arm of Grainger plc

Board Changes

Grainger Trust, the affordable housing arm of Grainger plc, the UK's largest listed residential landlord, today announces changes to its Board of Directors.

Deborah Shackleton, who has been Chair of Grainger Trust since its establishment in 2012, stepped down from the Board on 30 September 2021. During her tenure, Grainger Trust has grown significantly, now providing c.900 affordable homes.

Colin Sheriff has been appointed the new Chair of Grainger Trust. Colin is currently also Chair of Broadway Living, a Registered Provider of Social Housing. He has over 40 years' experience in the social housing sector.

Grainger Trust is today also commencing a search for a Board Director to fill the vacancy created by Colin's appointment to Chair.

Kurt Mueller will be joining the Grainger Trust Board as a Board Director. Kurt is the Director of Corporate Affairs at Grainger plc. He is a member of Grainger plc's Executive Committee, Management Committee and has been instrumental in developing Grainger's ESG strategy.

The Grainger Trust Board also comprises Sharon Pearce, Finance Director at Hyde Housing Association; Toby Austin, Director of Group Finance at Grainger plc; and Paul McGowan, Director of Land at Grainger plc.

Helen Gordon, Chief Executive of Grainger plc, said:

"I would like to thank Deborah for her tenacity and hard work in helping to establish Grainger Trust and navigating through the early years of its establishment. I am delighted that Colin has agreed to step up to the role of Chair and that Kurt has agreed to take on a Board appointment. Colin's depth of knowledge and experience of the social housing sector and Kurt's knowledge of Grainger and the market will position Grainger Trust for its next phase of growth."

Colin Sheriff, Chair of Grainger Trust, said:

"I am excited to take up the role of Chair of Grainger Trust, following Deborah's successful tenure. She has left Grainger Trust in a strong position, having been involved since its inception. I am looking to working with the team to ensure that Grainger Trust continues to support Grainger plc's wider growth strategy and deliver our future programme of affordable housing."

-Ends-

For further information:

Grainger plc

Julie Deighton/ Kurt Mueller

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

Grainger Trust

Grainger Trust is a Registered Provider of Social Housing and a subsidiary of Grainger plc.

Grainger Trust provides homes for key workers and those with the greatest housing need integrated within Grainger plc's wider portfolio. Grainger Trust provides tenure-blind affordable rented homes and affordable home ownership options. It is our aim that Grainger Trust residents receive the same standard of service as any private renting Grainger customer, with additional support wherever required.

Our homes are a mix of Affordable Rent, Discount Market Rent and Shared Ownership - all the properties are newly built and we deliver the highest standards through our housebuilding contracts. Our property management team works in partnership with Local Authorities to provide housing to meet local needs, including people with disabilities whom we can adapt a home during the build process.