Directorate Change

Statement by Permanent TSB Group Holdings p.l.c.

Headline: Permanent TSB announces new director

Tuesday 24 July 2018.

The Chairman of Permanent TSB Group Holdings plc (PTSBGH), Robert Elliott, has today announced the appointment of Ruth Wandhöfer to the Board of PTSBGH as a Non-Executive Director. Ruth will take up her position on the 30 October 2018.

Ruth will shortly step down from Citibank where she was Managing Director, responsible for Citi's Regulatory & Market Strategy within the Citi Global Treasury and Trade Solutions business. Ruth is highly regarded across the banking industry for her in-depth knowledge of the market regulatory and competitive landscape, and, in particular, is acknowledged as one of the foremost authorities on SEPA (the Single Euro Payments Area). Ruth is deeply engaged in the topic of innovation in the FinTech and RegTech space and how this can transform the business model of banks.

Speaking today, Robert Elliott said 'as the next phase of the Bank's development unfolds through the delivery of a best in class Digitally-Enabled Omni-Channel Retail and SME Bank, Ruth's extensive experience of both regulatory and market strategy together with her insight on innovation in the field of regulatory and financial technology will be of tremendous benefit to the Board and I look forward to her contribution in the months and years ahead.'

Conor Ryan

Company Secretary