Directorate Change

The board of directors of Close Brothers Group plc ("Close Brothers" or the "group") is pleased to announce the appointment of Sally Williams as an independent non-executive director with effect from 1 January 2020.

On joining the board, Sally will become a member of the board's Audit and Risk Committees. At the same time, and consistent with the group's other independent non-executive directors, she will also become a director of the group's Banking subsidiary, Close Brothers Limited.

Sally Williams has more than 30 years' experience in the financial services sector, including retail and wholesale banking, stockbroking and insurance. She has extensive risk, compliance and governance experience, having held senior positions at Marsh, National Australia Bank and Aviva. Before that, Sally was at PricewaterhouseCoopers LLP for 15 years in a number of positions in both their risk management and audit teams.

Sally is a non-executive director of Lancashire Holdings Limited and of Family Assurance Friendly Society Limited (OneFamily), where she chairs the Audit Committee. Sally is a member of the Institute of Chartered Accountants of England & Wales.

Mike Biggs, Chairman of Close Brothers, commented: "I am very pleased to be welcoming Sally to the Close Brothers board. She brings extensive experience of the financial services sector and her appointment will further strengthen the range of skills and experiences represented on the board. Diversity continues to be an important focus for the board in succession planning."

Sally Williams said: "I am delighted to be joining the board of Close Brothers. I look forward to working with the board and senior management as they continue to build on the group's successful business model in the years to come."

No other information is required to be disclosed pursuant to paragraph 9.6.13R of the Listing Rules in relation to Sally's appointment as a director of Close Brothers.

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About Close Brothers

Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading. We employ over 3,000 people, principally in the UK. Close Brothers Group plc is listed on the London Stock Exchange and is a member of the FTSE 250.