Secure Trust Bank Regulatory News (STB)

PRESS RELEASE

Secure Trust Bank PLC

LEI: 213800CXIBLC2TMIGI76

17 December 2019

For immediate release

SECURE TRUST BANK PLC

Appointment of Independent Non‐Executive Director and

Changes to Board and Committee Composition

Secure Trust Bank PLC ("STB" or the "Company") announces the appointment of David McCreadie as an independent Non‐Executive Director of the Company. David will also join the Risk Committee with effect from 1 January 2020.

David has many years of banking experience, gained initially at Royal Bank of Scotland and then at Tesco Bank where he was an Executive Director and Managing Director with responsibility for banking and insurance businesses.

The Financial Conduct Authority and the Prudential Regulation Authority (Regulators) have been notified of the appointment of David McCreadie.

STB also announces that Paul Marrow, Senior Independent Director and Chairman of the Risk Committee will be standing down as a Director of the Company, following the ninth anniversary of his appointment, at the General Meeting (AGM) of the Company to be held on 13 May 2020. Subject to receiving approval from the Regulator, Ann Berresford, Chairman of the Audit Committee, will be appointed as Senior Independent Director with effect from the close of the AGM; and Paul Myers will be appointed Chairman of the Risk Committee with effect from 31 March 2019. Paul will also join the Remuneration Committee from 1 January 2020 and Victoria Stewart will join the Audit Committee from 1 January 2020.

Lord Forsyth, Chairman, said:

"David brings substantial banking, personal finance, consumer facing business and governance experience acquired in his previous roles as well as knowledge of the Challenger Bank market. He will complement the skills and experience of the existing directors and further strengthen the Board. I welcome David to the board and look forward to the contributions he will make.

On behalf of the Board I would also like to thank Paul Marrow for his sage counsel throughout his tenure and for serving ably in his many roles at STB."

The Company was assisted in the recruitment process by Korn Ferry who were appointed in June 2018 to support STB in identifying suitable additional independent Non-Executive Directors and were reengaged in June 2019 for this process. Korn Ferry had no previous relationship with the Company and were originally appointed following a competitive tender.

The Company confirms that there is no other information about David McCreadie requiring disclosure under paragraph 9.6.13 (1) to (6) of the Listing Rules of the UK Listing Authority.

‐ENDS-

Enquiries:

Secure Trust Bank PLC

Paul Lynam, Chief Executive Officer

Tel: 0121 693 9100

About the Company:

Secure Trust Bank is an established, well‐funded and capitalised UK retail bank with a 67 year trading track record. Secure Trust Bank operates principally from its head office in Solihull, West Midlands, and had 956 employees (full‐ time equivalent) as at 30 June 2019. The Group's diversified lending portfolio currently focuses on two sectors:

(i) Business Finance through its Real Estate Finance, Asset Finance and Commercial Finance divisions,

(ii) Consumer Finance through its Motor Finance, Retail Finance, Debt Management and Consumer Mortgages divisions

As at 30 June 2019 the Group's loans and advances to customers totalled £2,278.3 million, customer deposits totalled £2,001.5 million and the Group's total customer base was well over 1.4 million.

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.