Severfield Regulatory News (SFR)

26 March 2025

Severfield plc

('the Company' or 'the Group')

Directorate Change

Severfield PLC, the market-leading structural steel group, announces that after more than seven years as Chief Executive Officer ('CEO'), Alan Dunsmore has by mutual consent agreed to step down as CEO and will leave Severfield with effect from 30th June 2025. The Board has initiated a search process to find his successor.

Whilst the search is conducted, interim leadership arrangements have been put in place to ensure business continuity. Charlie Cornish (Chair of Severfield) will support and guide the interim executive team led by Rob Evans (Divisional Managing Director of Severfield's largest division, Commercial & Industrial) and Adam Semple (CFO).

Charlie Cornish, Chair said: "On behalf of the Board, I would like to thank Alan for his commitment to Severfield over the past 15 years and for the last seven years of dedicated leadership as CEO. Alan has been pivotal in shaping our purpose, strategy and values, driving growth both organically and through acquisitions.

Moving forward the Board and the executive team will build on Severfield's market leading position in the UK and growing presence in Europe and India, driving strategic progress on manufacturing efficiency and project delivery, positioning the Group for further growth and long-term shareholder returns."

Alan Dunsmore, CEO, commented: "It has been a privilege to spend 15 years of my career at Severfield and to have led the development of the business in the UK, Europe and India. Now is an appropriate time to hand over to a new CEO to build on Severfield's unique strengths and accelerate the growth of the business."

For further information, please contact:

Severfield Charlie Cornish 01845 577 896

Chair

Jefferies International Will Soutar 020 7029 8000

Panmure Liberum Nicholas How 020 3100 2000

Camarco Tom Huddart 07967 521 573

Notes to editors

Severfield is the UK's market leader in the design, fabrication and construction of structural steel, with a total capacity of c.150,000 tonnes of steel per annum. The Group has seven sites, c.1,900 employees and expertise in large, complex projects across a broad range of sectors. The Group also has an established presence in the expanding Indian market through its joint venture partnership with JSW Steel (India's largest steel producer).

Inside information

This announcement contains inside information as stipulated under the Market Abuse Regulation (EU) No.596/2014 (as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018) and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations. On the publication of this announcement via a Regulatory Information Service, such information is now considered to be in the public domain. The person responsible for arranging for the release of this announcement on behalf of Severfield is Mark Sanderson, Legal Director and Company Secretary.