Directorate Change

LEI: 213800CALFKOEL7N7P10

7 November 2019

Low & Bonar PLC

("the Company")

Change in Directors

Low & Bonar PLC, the international performance materials group, advises that following the Court and General Meetings to approve the cash offer from FV Beteilgungs-GmbH:

Kevin Matthews has stepped down from the Board to concentrate on his new role as Executive Chairman of Scott Bader Company Limited, the privately held speciality chemicals business, as well as his other non-executive responsibilities. Peter Bertram, a current non-executive Director, will replace him as Chair of the Remuneration Committee.

Giulia Nobili, the non-executive director appointed at the request of Sterling Strategic Value Fund S.A., SICAV-RAIF (the Company's largest investor), has also stepped down from the Board.

Both resignations are effective from 7 November 2019.

Daniel Dayan, Executive Chairman, said:

"I would like to recognise Kevin's contributions to the Company over the last four and a half years and to especially thank him for his work in his role as Chair of the Remuneration Committee. He has provided valuable insight and expertise to the Board and our Committees.

I would also like to thank Giulia for her time and commitment to the Company during its strategic discussions on the Company's future."

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