Halma Regulatory News (HLMA)

Halma plc

Notice of Board change

The Board of Halma, the leading safety, health and environmental technology group, announces that, further to its 6 April 2017 announcement, Marc Ronchetti, currently Group Financial Controller, will succeed Kevin Thompson as Group Finance Director.

Kevin Thompson will continue as Group Finance Director until the recruitment of Marc's successor as Group Financial Controller is completed and an orderly handover of both roles has occurred. This is anticipated to be no later than 31 July 2018.

The search process undertaken in the period since 6 April 2017, utilising Lygon Group, has involved the assessment and benchmarking of both internal and external candidates with the result that the Board was unanimous in its recommendation of Marc. Marc joined Halma as Group Financial Controller in 2016 from Wolseley plc where he was Finance Director of its UK operations. Prior to that, Marc was at Inchcape plc in a number of roles, culminating in his appointment as Director of Strategic Projects. He is a chartered accountant, having trained with PricewaterhouseCoopers LLP.

Andrew Williams, CEO of Halma, commented:

"I am delighted that Marc will be Halma's next Group Finance Director and joining the Board. Since joining Halma, Marc has worked closely with Kevin Thompson and through this period and the recruitment process, he has demonstrated that he brings significant operational and corporate financial expertise to the Group.

I would like to thank Kevin for his continuing support in completing an orderly transition. I look forward to working closely with Marc and together ensuring the ongoing success of Halma."

For further information, please contact:

Halma plc Tel: +44 (0)1494 721111

Andrew Williams, Chief Executive

MHP Communications Tel: +44 (0)20 3128 8100

Rachel Hirst/Andrew Jaques

Notes:

1. A copy of this announcement, together with other information about Halma, may be viewed on its website: www.halma.com

2. Disclosure of Kevin Thompson's remuneration up to leaving date

The information below is provided in accordance with section 430(2B) of the Companies Act 2006 and covers the remuneration to be paid to Kevin Thompson up to and including his leaving Halma on 31 July 2018.

All payments are in line with the Company's Remuneration Policy for a leaver as published in the 2017 Annual Report and Accounts and approved by shareholders at the 2015 AGM.

Salary and benefits

Kevin Thompson will receive his salary, benefits and pension allowance as usual until 31 July 2018 when he ceases to be an employee of the Company. Kevin will qualify for a bonus to be earned for the 2017/18 financial year, payable in June 2018, subject to the usual plan rules.

Share awards

LTIP Awards for 2015, 2016 and 2017 will be pro-rated in accordance with the rules for service and performance criteria and vest on their second or third anniversary as appropriate.

SIP awards will vest in full on Kevin ceasing to be an employee in accordance with the Rules.

Kevin will not receive any LTIP award for 2018 but will receive any deferred bonus share award associated with the 2017/18 bonus plan which will vest in full two years after.