Secure Trust Bank Regulatory News (STB)

PRESS RELEASE

Secure Trust Bank PLC

LEI: 213800CXIBLC2TMIGI76

12 May 2020

For immediate release

SECURE TRUST BANK PLC

Board Change

Appointment of Chief Financial Officer

Secure Trust Bank PLC ("STB" or the "Company") announces that after a rigorous recruitment process Rachel Lawrence has been appointed as an executive director and Chief Financial Officer of the Company, subject to regulatory approval and satisfaction of certain other conditions. Rachel is expected to commence employment with the Company on 7th September 2020.

Paul Lynam, CEO, commented:

"Rachel has a robust financial background having worked for over three decades in diverse business sectors but with a focus on financial services. She has very relevant recent experience having worked for a number of so called challenger banks since 2009. Rachel has been the CFO of AIB Group (UK) PLC since 2016. I welcome her as a member of my leadership team and look forward to working with Rachel in the delivery of our strategy as we emerge from the current challenging period."

Lord Forsyth, Chairman, commented:

"I am delighted that after a rigorous recruitment process we have been able to attract somebody of Rachel's skills and experience to join as our new CFO. I expect Rachel to make a strong contribution to the future success of the group."

Rachel Lawrence, CFO designate, commented:

"I am delighted and excited to be joining STB as CFO. I am looking forward to working with the Board and the management team in its continued execution of the Group's successful strategy."

‐ENDS-

Enquiries:

Secure Trust Bank PLC

Paul Lynam, Chief Executive Officer

Tel: 0121 693 9100

About the Company:

Secure Trust Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Secure Trust Bank, PLC, One Arleston Way, Solihull, B90 4LH.

Notes and other disclosures

1. Remuneration

Full details of Rachel Lawrence's remuneration arrangements, which are consistent with the current shareholder approved Directors' Remuneration Policy and the remuneration policy to be proposed for approval at the 2020 Annual General Meeting , will be set out in the 2020 Directors' Remuneration Report which will be published following the end of the current financial year.

The following summarises the agreed remuneration terms for Rachel:

· Base salary - £400,000 p.a.

· Pension contribution rate - 5% of base salary (in line with that provided to the general workforce).

· Shareholding Guidelines - 100% of base salary within a five year period from appointment.

· Variable Remuneration - participation in discretionary bonus and LTIP schemes in accordance with the

approved and proposed Directors' Remuneration Policy.

 · Other - benefits including private medical health insurance and car allowance in line with the approved and

proposed Directors' Remuneration Policy.

2. Shareholding information

Rachel Lawrence does not currently have an interest in any ordinary shares in Secure Trust Bank PLC.

3. Regulatory disclosure

This announcement is made pursuant to LR 9.6.11 of the UK Listing Authority's Listing Rules.

There is no further information to be disclosed in respect of Rachel Lawrence under Listing Rule 9.6.13R(2)-(6).

4. Biographical information

Rachel has considerable experience in finance and banking start-ups gained from a career spanning more than 20 years. She has held senior finance roles in Metro Bank, Shawbrook and Pearl Assurance. She joins from AIB Group (UK) plc, where she has held the position of CFO since 2016. She is a qualified chartered management accountant.