Director Declaration

Phoenix Group Holdings (the "Company" or "Phoenix")

In compliance with Listing Rule 9.6.14, the Company announces that with effect from 9 May 2018, Kory Sorenson, a non-executive director of the Company, has been appointed as a non-executive director of ProMetic Life Sciences Inc., whose shares are listed on the Toronto Stock Exchange.

Enquiries

Equity Investors/Analysts:Claire Hawkins, Head of Investor Relations, Phoenix+44 (0) 20 3735 0575

Media:Neil Bennett, Maitland+44 (0) 20 7379 5151