Lsl Prop Regulatory News (LSL)

23 April 2021

LSL Property Services plc ("LSL" or "Group")

Board changes

LSL announces today that, in conjunction with its separate announcement today regarding the establishment of Pivotal Growth Limited, LSL's Chairman, Simon Embley, has been appointed Chief Executive of Pivotal Growth and will step down from his role as Non-Executive Chair of the LSL Board following the publication of the Group's Preliminary Results for 2020 on 28 April 2021. He will stay on the LSL Board as a Non-Executive Director, allowing the Group to continue to benefit from his knowledge and experience. This position will be kept under review.

At the same time, Bill Shannon, currently Deputy Chair and Senior Independent Director, will become Chair of the LSL Board. Bill has been a member of the Board as an independent Non-Executive Director since January 2014 and is currently Deputy Chair, Senior Independent Director and Chair of the Audit & Risk Committee and Remuneration Committees. As part of the Board changes, Bill will take over as Chair of the Nominations Committee and remain as Chair of the Audit and Risk Committee with the intention of being replaced as Chair of this Committee during 2021. Bill will step down as Chair of the Remuneration Committee and Darrell Evans is taking over as Chair of this Committee. Darrell is currently a member of the Remuneration Committee, Nominations Committee and the Audit & Risk Committee.

LSL will also appoint a new Senior Independent Director in 2021.

Details relating to all of LSL's Directors (including other directorships) can be found at https://www.lslps.co.uk/investor-relations.

This announcement contains inside information.

For further information, please contact: