Persimmon Regulatory News (PSN)

15 March 2018

Persimmon Plc

Appointment of Chairman

Persimmon Plc is pleased to announce the appointment of Roger Devlin as Chairman from 1 June 2018.

Roger has extensive experience as an executive, non-executive and Chairman in a wide range of companies and has recently been appointed Chairman Designate of William Hill PLC. Since 2013 he has been Chairman of leading pub operator and brewer, Marston's PLC, and he is also currently the Senior Independent Director of the Football Association. He will step down from both Marston's PLC and the Football Association on 31 May 2018.

Nigel Mills, Senior Independent Director and Acting Chairman of Persimmon, said: "Following a very thorough process, the Board has agreed that Roger is the right candidate to chair Persimmon. I am sure that his wide business experience and his personal qualities will enable him to make a significant contribution to the future of the Group."

Roger Devlin commented: "Persimmon has delivered excellent financial performance as well as materially increasing output in recent years. The housebuilding industry offers good growth prospects, and I look forward to working with Jeff Fairburn, his executive team and the Board in providing a broad range of quality homes to our valued customers while continuing the Group's track record of superior returns to shareholders."

No further information is required to be disclosed pursuant to Listing Rule 9.6.13.

Enquiries:

Notes

Roger Devlin's fee will be £300,000, payable from 1 June 2018 and he will not receive any other benefits. Roger does not currently have an interest in shares in Persimmon.

The process to appoint Roger Devlin was led by Nigel Mills, Senior Independent Director. The Nomination Committee appointed MWM Consulting, a leading executive search and board advisory consulting firm, to conduct the search for a new Chairman. An extensive search was conducted by MWM and a shortlist of candidates was agreed before interviews were conducted.