FBH.L Regulatory News (FBH)

FBD Holdings plc

3 August 2016

Board Appointment

FBD Holdings plc ("FBD") is pleased to announce the following appointment to the Board, subject to the approval of Shareholders at an Extraordinary General Meeting of the Company to be convened for this purpose.

Ms. Mary Brennan

Ms. Mary Brennan has been appointed as an independent non-executive Director. Ms. Brennan is a Chartered Director and a Fellow of Chartered Accountants Ireland. In a career spanning over 30 years, Ms. Brennan has worked internationally in audit in a number of publicly listed companies, including Elan plc and Occidental Petroleum Corp. She is currently a non-executive Director of BNP Paribas Ireland where she also chairs the Audit Committee, and is an experienced non-executive Director of a number of life and non-life reinsurance companies.

Subject to her appointment being approved by shareholders, Ms. Brennan will also join the Audit Committee.

The Chairman, Mr. Michael Berkery, said:

"I am delighted to announce this further appointment to the Board, which is subject to the approval of Shareholders. Ms. Brennan will bring new skills and wide international experience to the Board and the Audit Committee and I expect that her input will be of great value to the Board and to the Group."

Requirement for an Extraordinary General Meeting ("EGM")

An EGM is to be convened to satisfy the requirement of Listing Rule 6.9 (1) of the Irish Stock Exchange which provides "A listed company must ensure that at all times not more than one third of its board of directors is composed of persons who have been co-opted to the board." The appointment of Ms. Brennan would, when taken with the appointments of Mr. Dermot Browne, Mr. David O'Connor and Mr. John O'Grady, which were made and announced earlier this year, bring the proportion of co-opted Directors above this threshold.

The formal convening of the Extraordinary General Meeting and the posting of the Circular to shareholders will be the subject of a separate announcement shortly.

Ends

Disclosures required under the Listing Rules

FBD confirms that:

1. There are no details requiring disclosure in respect of Ms. Brennan under listing rule 6.6.7 (2) to (6) of the Irish Stock Exchange; and

2. There are no details requiring disclosure in respect of Ms. Brennan under listing rule 9.6.13 (2) to (6) of the UK Listing Authority.