Metro Bank Regulatory News (MTRO)

Legal Entity Identifier: 213800X5WU57YL9GPK89

8 July 2020

METRO BANK PLC APPOINTS ROBERT SHARPE AS CHAIRMAN

Metro Bank today announces the appointment of Robert Sharpe as Chairman. It is anticipated that Robert will commence the role from 1 November 2020, subject to regulatory approval.

He will succeed Sir Michael Snyder, who was appointed Interim Chairman in October last year while a thorough search and selection process for a permanent successor was undertaken. Sir Michael Snyder will continue as Interim Chairman until Robert joins the Bank.

Robert has a wealth of Board and Executive-level experience in the retail banking sector. During his Executive career, he led the transformation of West Bromwich Building Society as Chief Executive Officer, having formerly been Chief Executive at the Portman Building Society and Chief Executive of Bank of Ireland's consumer business in the UK.

Robert currently acts as Chairman at Bank of Ireland UK, Hampshire Trust Bank and Honeycomb Investment Trust plc. He will be stepping down from his position at Bank of Ireland UK in due course. He has previously held a number of board positions in the UK and the Middle East at companies including Vaultex Limited (a JV between HSBC and Barclays), Aldermore Bank plc, Barclays Pension Trustees Limited, LSL Properties plc, George Wimpey plc and Al Rayan Bank plc.

Robert Sharpe says: "I'm delighted to have been appointed as Metro Bank's Chairman and look forward to leading the Board and supporting Dan Frumkin and the executive team as they continue to deliver on the reinvigorated strategy. As we navigate the new economic environment caused by COVID-19, community banking has never been more important as people, businesses and communities adapt to this new normal. It is this community banking model that sets Metro Bank apart and will enable us to continue to grow."

Sir Michael Snyder says: "It has been an honour to serve as Chairman while we undertook a thorough search and selection process for a permanent Chairman. I look forward to working with Robert as Metro Bank continues to set itself apart from the competition by delivering exceptional service for our customers, even in these most challenging of times."

Notes to editors:

· The annual fee for Chairman will be £350,000.

Enquiries

For further information on this announcement, please contact:

Metro Bank PLC

Investor Relations

Jo Roberts

+44 (0)20 3402 8900

IR@metrobank.plc.uk

Media Relations

Tina Coates / Abigail Whittaker

+44 (0)7811 246016 / +44 (0)7989 876136

pressoffice@metrobank.plc.uk

Teneo

Charles Armitstead / Haya Herbert‐Burns

+44 (0) 7703 330269 / +44 (0) 7342 031051

Metrobank@teneo.com 

About Metro Bank

Metro Bank is celebrated for its exceptional customer experience. Its mobile app and online service achieved the top spot in the Competition and Market Authority's Service Quality Survey among personal and business current account holders in February 2020; the bank also ranked in the top two for overall service and store service for personal and business customers. It was awarded 'Best All Round Personal Finance Provider' at the Moneynet Personal Finance Awards 2019.

Offering retail, business, commercial and private banking services, it prides itself on giving customers the choice to Bank however, whenever and wherever they choose. Whether that's through its network of stores open seven days a week, early until late, 362 days a year; on the phone through its UK-based 24/7 contact centres; or online through its internet banking or award-winning mobile app: the bank offers customers real choice.

The bank employs around 3,500 colleagues and is headquartered in Holborn, London.

Metro Bank PLC. Registered in England and Wales. Company number: 6419578. Registered office: One Southampton Row, London, WC1B 5HA. 'Metrobank' is the registered trademark of Metro Bank PLC.

It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Most relevant deposits are protected by the Financial Services Compensation Scheme. For further information about the Scheme refer to the FSCS website www.fscs.org.uk.

All Metro Bank products are subject to status and approval.

Metro Bank PLC is an independent UK bank - it is not affiliated with any other bank or organisation (including the METRO newspaper or its publishers) anywhere in the world. Please refer to Metro Bank using the full name.