Hargreaves Lansdown Regulatory News (HL.)

HARGREAVES LANSDOWN PLC

5th DECEMBER 2014

BOARD CHANGE AT HARGREAVES LANSDOWN PLC

Hargreaves Lansdown PLC announces that Tracey Taylor has decided to leave the Hargreaves Lansdown Group ("Hargreaves Lansdown", "the Company") at the end of June 2015 and will stand down as Chief Financial Officer ('CFO') and as a Director with effect from 5th December 2014. Tracey will remain with the Group until 30th June 2015 to ensure a smooth transition and to oversee a number of operational projects.

The Board has commenced the process of identifying a permanent successor for the role of CFO and announces that Simon Cleveland, a Partner from the accountancy firm Deloitte, will be appointed as Interim CFO with effect from 8th December 2014 until a new permanent CFO is appointed.

Ian Gorham, Chief Executive of Hargreaves Lansdown commented: "Tracey has contributed significantly to the ongoing growth and development of the Group, and in transforming Hargreaves Lansdown from a private business to the FTSE100 company it is today. She has brought great insight both in her role as CFO and as a member of the leadership team. It has been a pleasure to work with her.  She leaves us with our thanks for her contribution to the success of the Group and our best wishes for the future."

Tracey Taylor said "Hargreaves Lansdown is a superb company and I am proud to have been part of its success for the last 15 years. Completion of the implementation of some significant regulatory changes this year has marked a very natural moment for me to look to the next challenge. I have made this decision, in no small part, with the knowledge that the business is in good shape with a talented team. It has been a pleasure to work alongside Ian for the last four years, and with the founders Peter Hargreaves and Stephen Lansdown before him. I wish Hargreaves Lansdown continued success in the future."

For further information please contact:

Danny Cox, Media Relations +44 (0) 117 317 1638

James Found, Head of Investor Relations +44 (0) 117 988 9898

Ian Gorham, Chief Executive

End

Notes

Tracey Taylor joined Hargreaves Lansdown in 1999 and has held a variety of operational and finance responsibilities in the Group, and was appointed to the Board as Chief Financial Officer in 2008. 

Hargreaves Lansdown has a shareholder approved policy in respect of Director leaving arrangements which prevents material unusual payments. Mrs Taylor's leaving arrangements are in line with this policy and have been approved by the Remuneration Committee. Commensurately the firm expects no material unusual charges to accrue in respect of Mrs Taylor's departure.

Mrs Taylor's existing conditions of employment will continue in accordance with her current service contract to 30 June 2015 at which time she will receive a payment in lieu of the remainder of the contractual 12 month notice period equal to the salary and benefits that would have been due under the contract. Mrs Taylor will be eligible for a reduced pro-rated discretionary bonus for the period 1 July 2014 to 16th February 2015 commensurate with standing down as CFO part way through the year. The Remuneration Committee have classified Mrs Taylor as a "good leaver" for the purposes of the firm's Long term Incentive Plan.

Simon Cleveland will be seconded to Hargeaves Lansdown from 8th December 2014. He will not be appointed as a Director of the Company or of the subsidiary companies. Mr Cleveland has previous relevant experience as an interim financial officer of a large financial institution, and is also familiar with the Hargreaves Lansdown business through previous engagements.

The Hargreaves Lansdown Group is audited by PricewaterhouseCoopers.