Phoenix Group Holdings Regulatory News (PHNX)

LEI: 2138001P49OLAEU33T68

09 May 2022

Phoenix Group Holdings plc - Board Changes

The Board of Phoenix Group Holdings plc ("Phoenix Group" or "the Group") is pleased to announce the appointment of Maggie Semple OBE as an independent Non-Executive Director with effect from 1 June 2022.

Maggie is a successful businesswoman and entrepreneur, with a career history spanning across education, government, non-profit and commercial roles. Over the last 15 years, Maggie has also gained broad experience as a non-executive director in a number of different organisations, such as Her Majesty's Court Service, the Criminal Cases Review Commission, the Ministry of Justice (Chair of Audit, Risk & Compliance) and McDonald's Restaurants.

Commenting on the appointment, Nicholas Lyons, Phoenix Group Chairman, said: "I am delighted that Maggie will be joining the Phoenix Group Board. Maggie brings a wealth of experience to the Group, including solid customer focus and support for growing businesses. She has a passion for sustainability, ethics and inclusivity, which we believe will enhance our ever increasing focus on ESG at Phoenix. We look forward to welcoming Maggie as a new addition to the Board."

The Phoenix Board is also pleased to announce the appointment of Stephanie Bruce, Chief Financial Officer of abrdn plc ("abrdn"), as a Non-Executive Director with effect from 1 July 2022. Stephanie has been nominated for the appointment by abrdn in accordance with the terms of the relationship agreement between Phoenix Group and abrdn. Stephanie will replace Mike Tumilty who will resign from the Phoenix Group Board as the current abrdn nominated Non-Executive Director with effect from 30 June 2022.

Commenting on the change to the abrdn nominated Board appointment, Nicholas Lyons, Phoenix Group Chairman, said: "I would like to thank Mike for his excellent contribution to the Board since joining in September 2019. We wish Mike every success in the future. I look forward to welcoming Stephanie as a new Non-Executive Director to the Board. Stephanie is a highly experienced financial services practitioner with significant sector knowledge, both technical and commercial, and I am confident that her extensive experience will add great value to the Board."

There is no further information required to be notified under Listing Rule 9.6.13 R with regard to the appointments referred to above.

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