Appointment of Chief Financial Officer

Cairn Homes plc

Appointment of Chief Financial Officer

Dublin/London, 24 April 2017: Cairn Homes plc ("Cairn", or the "Company") (LSE:CRN), the Irish homebuilding company, announces the appointment of Timothy Kenny as Chief Financial Officer and Director. Mr Kenny joins Cairn from Musgrave Group plc., Ireland's largest grocery and food distribution business, where he was Group Finance Director and Company Secretary for 12 years. He is a fellow of the Institute of Chartered Accountants and is a former Finance Director with Dunloe Ewart plc. He will commence his role later this year.

"I'm delighted that Tim is joining Cairn as CFO and he will bring a wealth of experience to the role as we strengthen the senior management team to continue the development and scaling of the business in the coming years," said Michael Stanley, Chief Executive of Cairn. "In addition to Tim's strong technical capability as a CFO, he also brings excellent business development and commercial experience of scaling large businesses."

Commenting on his appointment Mr Kenny said: "I'm delighted to be joining Cairn at a great time as it embarks on a listing on the Irish Stock Exchange and as it progresses its home building programme across a strategic landbank of sites. I've been impressed with the ambition and capability of the team at Cairn and look forward to working closely with them as the business develops and grows."

For more information, please contact:

Cairn Homes plc +353 1 696 4600

Michael Stanley

Eamonn O'Kennedy

Powerscourt +44 20 7250 1446

Justin Griffiths

Jack Hickey

Drury Communications +353 1 260 5000

Billy Murphy

Morwenna Rice

Notes to Editors

Cairn Homes plc is an Irish homebuilder with a highly experienced management team. The Company is committed to constructing high quality new homes with an emphasis on design and innovation in attractive locations to meet sustainable market demand. Cairn has a land bank of 12,100 units, over 90% of which is located in the Greater Dublin Area (GDA). Currently, Cairn is active on seven sites in the GDA, which will deliver 2,800 units.

www.cairnhomes.com