Board updates

8 March 2023

Genuit Group plc

Board updates

In accordance with FCA Listing Rule 9.6.11, Genuit Group plc (the 'Company') announces that Mark Hammond, Non-Executive Director, Senior Independent Director ('SID') and member of the Audit, Nomination and Remuneration Committees, has today stepped down from his role as SID but has agreed to remain on the Board beyond the completion of his nine-year term in April 2023. Given Mr Hammond's extensive experience of the Group, the need to onboard two new Non-Executive Directors and the requirement for an orderly handover, the Board is of the view that an extension to Mr Hammond's term is in the best interests of the Company. Having assessed Mr Hammond's independence, the Board has confirmed that in their view, he remains an independent Non-Executive Director of the Board and that his nine-year tenure does not impair his ability to challenge independently.  The expectation is that Mr Hammond will retire from the Board in October 2023.

Lisa Scenna will take over as SID with effect from 8 March 2023. Ms Scenna has been a Non-Executive Director of the Company since September 2019 and is the Chair of the Remuneration Committee and a member of the Audit and Nomination Committees.

For further information please contact:

Emma Versluys                         +44 (0)1138 315315  

Company Secretary