Senior Management Appointment

Cairn Homes plc

Appointment of Director of Marketing and Sales

Dublin/London, 01 June 2017: Cairn Homes plc ("Cairn", or the "Company") (LSE:CRN), the Irish homebuilding company, announces the appointment, with immediate effect, of Ruchika Hassan as Director of Marketing and Sales. Ms. Hassan joins Cairn from Groupon, the global e-commerce marketplace, where she was the EMEA lead for the marketing and communications functions with responsibility for driving performance and brand effectiveness. She holds a Masters in Business Administration (Marketing) and is a former Director of Digital Media at OMD.

"I'm delighted to welcome Ruchika as Director of Marketing and Sales at Cairn as we continue to strengthen our senior management team and scale our business," said Michael Stanley, Chief Executive of Cairn. "Ruchika brings a wealth of experience to Cairn and will play a key role in growing our brand and strengthening our direct and digital marketing presence over the coming years."

Commenting on her appointment Ms. Hassan said: "I'm excited to have joined Cairn at a time when the business is scaling, continuing to increase its number of selling sites and importantly growing its brand. I've been impressed with the drive and ambition of the team at Cairn and look forward to working closely with them in establishing Cairn as an industry leading brand."

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 eight sites in the GDA, which will deliver 3,250 units.