SIG Regulatory News (SHI)

29 March 2017

SIG plc

Directorate Changes

Appointment of Group Chief Executive and Retirement of Chairman

Further to the announcement made on 14 March 2017, SIG plc confirms that Meinie Oldersma will join SIG on 3 April 2017 and will be appointed a Director of the Board and Group Chief Executive with effect from that date.

Mel Ewell, currently Interim Group Chief Executive, will continue to serve as an Executive Director for a handover period following Mr Oldersma's appointment, until 30 April 2017. With effect from 1 May 2017, Mr Ewell will resume his Non-Executive Director duties.

SIG also announces that Leslie Van de Walle, Chairman, has informed the Board of his intention to step down as Chairman and retire as a Director of the Board once a successor has been identified and once Mr Oldersma is established in role. In order to ensure an orderly succession process, a search and selection process for a new Chairman will now commence and further announcements will be made in due course.

Notes

Meinie Oldersma biography

Meinie Oldersma will be joining the Group from Brammer Limited, where he was Group Chief Executive. He was previously CEO at 20:20 Mobile Group, and President of Ingram Micro China Group. He is Non-Executive Chairman of Kondor Ltd, and Non-Executive Director of Smallsteps BV. He has also been a Non-Executive Director of Bunzl Plc and of Metra Computer Group.

There are no further details required to be disclosed under LR9.6.13R of the Listing Rules in respect of Meinie Oldersma.

The details of Meinie Oldersma's remuneration arrangements will be included in the 2017 Remuneration Report.