Softcat Regulatory News (SCT)

2 December 2022

Softcat plc

Chief Financial Officer Appointment

The Board of Softcat plc ("Softcat", or the "Company"), a leading UK provider of IT infrastructure technology and services, is pleased to announce the appointment of Dr Kathryn (Katy) Mecklenburgh as CFO.

In July of this year, the Board outlined a series of steps designed to ensure continued, effective leadership of the Company and orderly succession over the medium term. A key element of this plan is the intention for the current CFO, Graham Charlton, to become CEO of Softcat with effect from 1 August 2023. In order to support this transition, a full internal and external search process was initiated to identify a replacement CFO candidate. That process has now successfully concluded.

Katy Mecklenburgh is a senior finance professional, who has held a number of finance leadership roles across a range of industries and blue-chip firms, including Amazon, Serco plc and Procter & Gamble. Katy is currently Interim CFO at ASOS plc, the FTSE 250 e-commerce business. In this role, Katy has responsibility not only for group finance and audit matters but also commercial finance and external financial reporting. Prior to joining ASOS plc in 2021, Katy served as Group Financial Controller at Inchcape plc, a firm with an annual turnover of c.£8 billion across c.40 markets and territories: a role she held since 2017.

CIMA qualified, Katy also holds a PhD in Respiratory Medicine and a BSC Hons in Pharmacology, both from Edinburgh University.

Katy will join the Softcat Board by no later than mid-June 2023. When she joins the Board, Graham Charlton will become CEO Designate, before he becomes CEO on 1 August 2023, in line with the planned and previously announced succession steps.

Martin Hellawell, Non-Executive Chairman said:

"We conducted an extensive, rigorous search for our new CFO and are delighted to have found someone of Katy's calibre and mindset. Katy's background, experience and affinity with our culture and workforce set her apart from other candidates. She will make a hugely valuable addition to our Board and Senior Leadership Team and her appointment allows us to deliver on our stated goal of ensuring the continued, effective and long-term leadership of our company."

Graeme Watt, Chief Executive Officer said:

"I am very excited that Katy is joining us. She is a great cultural fit and I am sure she will thrive in the Softcat environment as well as bring a lot of expertise and experience from other industries. She joins not only as CFO but also as a key member of our Senior Leadership Team, and the different perspectives she will provide will be most valuable. She has worked for a number of technology-based companies and will have an important contribution to make to our data and digital journey as we take Softcat to the next level."

Katy Mecklenburgh said:

"I am delighted to be joining Softcat as they continue to deliver their successful growth strategy. Softcat is a fantastic company, and I am looking forward to making my own contribution to a business with such a strong service and people orientated culture."

Regulatory Disclosures

No details need to be disclosed under Listing Rule 9.6.13 in relation to this appointment.

A further regulatory announcement will be made when the date that Katy Mecklenburgh will join the Board has been confirmed.

For further information, please contact:

Softcat plc

Graeme Watt, Chief Executive Officer +44 (0)1628 403 610

Graham Charlton, Chief Financial Officer

Media Enquiries ‐ FTI Consulting LLP

Ed Bridges/Matt Dixon +44 (0)20 3727 1000

This announcement has been determined to contain inside information.

Remuneration in respect of Katy Mecklenburgh:

All remuneration terms and payments will be in line with the current Directors' Remuneration Policy (the Policy) and the Policy to be proposed at Softcat's Annual General Meeting on 13 December 2022. When Katy Mecklenburgh's appointment commences, she will receive a salary of £370,000 per annum. In line with arrangements for current Executive Directors, the maximum variable incentive opportunity will be 150% of salary under the Annual Bonus Plan and 150% of salary under the Long Term Incentive Plan.

Katy Mecklenburgh will be compensated in respect of certain variable compensation which will be forfeited as a result of her resignation from ASOS plc. She will receive a cash payment in lieu of a forfeited retention award from ASOS plc. The cash payment will be based on the value of the ASOS shares in the retention award which was due to vest on 30 April 2023. The payment will be subject to income tax and national insurance deductions.

Full disclosure of these remuneration arrangements will be provided in our 2023 Annual Report on Directors' Remuneration.