PFG.L Regulatory News (PFG)

26 June 2019Provident Financial plc (the 'Company`)

Update on Appointment of Non-Executive Director of Provident Financial plc and Chairman and Non-Executive Director of Vanquis Bank Ltd (Vanquis Bank)

Further to the announcement on 23 March 2019 the Company confirms Robert East will be appointed as Non-Executive Director of Provident Financial plc and Chairman of Vanquis Bank Limited with effect from 26 June 2019. Jonathan Roe, the current Chairman of Vanquis Bank, will step down.

Patrick Snowball, Chairman of Provident Financial plc said: "I welcome Robert East to the Group and Vanquis Boards. Vanquis Bank now has a new leadership team in place to execute its strategy and deliver for its customers and the Group's shareholders following the appointments of Robert and Neil Chandler, Managing Director Vanquis Bank. I would also like to thank Jonathan Roe, on behalf of the Bank's and Group's Boards for his stewardship of the Vanquis Bank, his wise counsel and support over many years."

David Whincup

Deputy Company Secretary

Tel: 01274 351 351