Workspace Regulatory News (WKP)

21 April 2022

WORKSPACE® GROUP PLC 

Directorate and Committee Changes

Workspace Group PLC (the "Company") today announces changes to the structure and membership of certain of its Board Committees.

The Company is pleased to announce the formation of a Board ESG Committee which will be responsible for overseeing the Company's sustainability strategy. The ESG Committee will be comprised of all members of the Board, both executive and non-executive. Duncan Owen, non-executive director, has been appointed as Chair of the new ESG Committee.

The Risk Committee was formed in September 2020 as the Company began implementation of an updated risk management framework, and the dedicated Risk Committee has served the Company well as it has progressed with embedding that framework. Now that implementation of the framework has been significantly progressed, it is considered that the responsibilities of the Risk Committee can be effectively dealt with by the Audit Committee and directly by the Board. It has therefore been decided to integrate certain activities of the Company's Board Risk Committee into the Audit Committee, with the Board retaining overall responsibility for risk management.

Membership of the Company's Audit Committee now comprises Rosie Shapland (Chair), Lesley-Ann Nash and Manju Malhotra.

There are no changes to the composition of the Company's Remuneration Committee or Nominations Committee.

Damon Russell will step down at the close of the Company's AGM in July 2022 having served nine years on the Board.

-ENDS-

For media and investor enquiries, please contact:

Workspace Group PLC

Clare Marland, Head of Corporate Communications 020 7138 3300

Finsbury Glover Hering

Guy Lamming 020 7251 3801

Chris Ryall

Notes to Editors

About Workspace Group PLC:

Established in 1987, and listed on the London Stock Exchange since 1993, Workspace owns and manages some 4 million sq. ft. of business space in London. We are home to London's brightest businesses, including fast growing and established brands across a wide range of sectors. Workspace is geared towards helping businesses perform at their very best. We provide inspiring, flexible work spaces in dynamic London locations.

Workspace (WKP) is a FTSE 250 listed Real Estate Investment Trust (REIT) and a member of the European Public Real Estate Association (EPRA).

Workspace® is a registered trademark of Workspace Group Plc, London, UK.

LEI: 2138003GUZRFIN3UT430

For more information on Workspace, please visit www.workspace.co.uk