Vesuvius Regulatory News (VSVS)

30 November 2020

Vesuvius plc

Non-executive Director Appointment and Succession

Vesuvius plc, a global leader in molten metal flow engineering and technology, is pleased to announce the appointment of Kath Durrant as a Non-executive Director of the Company with effect from 1 December 2020.

Kath joins the Board as an additional Independent Non-executive Director and will serve on the Audit, Remuneration and Nomination Committees. Furthermore, Kath will succeed Jane Hinkley as Remuneration Committee Chair at the close of the 2021 AGM, following which, Jane Hinkley will remain as an Independent Non-executive Director of the Company.

Kath has more than 30 years' Human Resources experience, with a strong operational and strategic track record, gained at a number of large global manufacturing companies. As well as working at GlaxoSmithKline plc and AstraZeneca plc she has served as the Group Human Resources Director of Rolls-Royce plc, and was most recently Group HR Director of Ferguson plc and Chief HR Officer of CRH plc. She served as a Non-executive Director and Chair of the Remuneration Committee of Renishaw plc from 2015 to 2018 and currently serves as a Non-executive Director and Chair of the Remuneration Committee of Calisen plc. Kath is a UK citizen.

The Nomination Committee continues to focus on its work of succession planning for the Board of Directors and its Committees, and Kath's appointment has been made in line with this responsibility. In addition, Holly Koeppel and Hock Goh have signalled their desire to step down from the Board of Directors at the close of the 2021 AGM, following 4 years and 6 years of service as Non-executive Directors, respectively. Consequently, the Nomination Committee will commence further work on succession to ensure that the Board membership reflects the breadth of skills and experience required to drive and support the business strategy.

John McDonough CBE, Chairman of Vesuvius, said:

"I am delighted to announce the appointment of Kath Durrant as a new Independent Non-executive Director of Vesuvius. Kath is an experienced senior executive, with strong UK governance credentials, and a highly international outlook. She will bring extensive human resources experience to the Board, which will be further strengthened by her appointment.

On behalf of the Board, I would also like to thank Holly Koeppel and Hock Goh for their dedicated service as Directors of the Company. They will both leave the Board following the 2021 Annual General Meeting with our very best wishes."

No other disclosure obligations arise under paragraphs (1) to (6) of LR 9.6.13 R of the FCA's Listing Rules in respect of this appointment.

About Vesuvius plc

Vesuvius is a global leader in molten metal flow engineering and technology, serving process industries operating in challenging high-temperature conditions.

We develop innovative and customised solutions, often used in extremely demanding industrial environments, which enable our customers to improve their manufacturing processes, enhance product quality and reduce energy consumption. These include flow control solutions, advanced refractories and other consumable products and - increasingly - related technical services including data capture.

We have a worldwide presence. We serve our customers through a network of low-cost manufacturing plants located close to their own facilities, and embed our industry experts within their operations, who are all supported by our global technology centres.

Our core competitive strengths are our market and technology leadership, strong customer relationships, well established presence in developing markets and our global reach, all of which facilitate the expansion of our addressable markets.

Our ultimate goal is to create value for our customers, and to deliver sustainable, profitable growth for our shareholders giving a superior return on their investment whilst providing each of our employees with a safe workplace where he or she is recognised, developed and properly rewarded.

Forward looking statements

This announcement contains certain forward-looking statements which may include reference to one or more of the following: the Group's financial condition, results of operations, cash flows, dividends, financing plans, business strategies, operating efficiencies or synergies, budgets, capital and other expenditures, competitive positions, growth opportunities for existing products, plans and objectives of management and other matters.

Statements in this announcement that are not historical facts are hereby identified as "forward-looking statements". Such forward looking statements, including, without limitation, those relating to the future business prospects, revenue, working capital, liquidity, capital needs, interest costs and income, in each case relating to Vesuvius, wherever they occur in this announcement, are necessarily based on assumptions reflecting the views of Vesuvius and involve a number of known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied by the forward looking statements. Such forward looking statements should, therefore, be considered in light of various important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements. These include without limitation: economic and business cycles; the terms and conditions of Vesuvius' financing arrangements; foreign currency rate fluctuations; competition in Vesuvius' principal markets; acquisitions or disposals of businesses or assets; and trends in Vesuvius' principal industries.

The foregoing list of important factors is not exhaustive. When considering forward looking statements, careful consideration should be given to the foregoing factors and other uncertainties and events, as well as factors described in documents the Company files with the UK regulator from time to time including its annual reports and accounts.

You should not place undue reliance on such forward-looking statements which speak only as of the date on which they are made. Except as required by the Rules of the UK Listing Authority and the London Stock Exchange and applicable law, Vesuvius undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this announcement might not occur.

Vesuvius plc, 165 Fleet Street, London EC4A 2AE

Registered in England and Wales No. 8217766

LEI: 213800ORZ521W585SY02

www.vesuvius.com