Saga Regulatory News (SAGA)

4 January 2018

Saga plc

Group Executive Changes

Saga plc ("Saga" or "the Group"), the UK's specialist in products and services for life after 50, today announces changes to its Group Executive structure.

Robin Shaw has been appointed to the new role of CEO of Saga Travel. Following a restructure of our travel business we are combining the Tour Operations and Cruise roles. Robin was previously CEO of Saga Cruises.

Jeannette Linfoot, MD of our Tour Operations, left the business at the end of December.

As part of succession planning for our retail broking business, Gary Duggan has taken over from Roger Ramsden as CEO of Saga Services, our retail broker. Gary joined Saga Services in September this year as its CEO Designate and will also take responsibility for Saga Money, our financial services business. Gary has a wealth of financial services and insurance experience at GE, Barclays, and BGL. Most recently he was Managing Director of Junction, BGL's General Insurance partnerships business. Roger was due to take up a new role within the Group but this will now not be taken forward following the review of the Group's operating structure. Roger will leave the business in Q1 2018 after completing a phased handover to Gary.

 Lance Batchelor, CEO, said:

"These changes provide us with a more focused Executive team as we target and invest in growth in the Saga customer base to achieve our long-term ambitions. 

Roger and Jeanette leave with my warmest thanks for the significant contributions they have made to the business and I wish them both all the best for the future."

END

Saga plc

Mark Watkins, Director of Investor Relations Tel: 07738 777 479

Email: mark.watkins@saga.co.uk

MHP Communications

Tim Rowntree/Simon Hockridge/Reg Hoare Tel: 020 3128 8742

Email: saga@mhpc.com

Notes to editors

Saga is a specialist in the provision of products and services for life after 50. The Saga brand is one of the most recognised and trusted brands in the UK and is known for its high level of customer service and its high quality, award winning products and services including cruises and holidays, insurance, personal finance and publishing. saga.co.uk