27 July 2023

Land Securities Group PLC ("Landsec")

Landsec notice of directorate change

Appointment of Non-executive Director and Audit Committee Chair Designate

Land Securities Group PLC ("Landsec") is pleased to announce that following a comprehensive selection process, it has appointed James Bowling as an Independent Non-executive Director and Audit Committee Chair Designate. James will join the Board as Non-executive Director on 7 September 2023 and will succeed Nicholas Cadbury as Chair of the Audit Committee at the end of its meeting on 18 September 2023. Nicholas will remain on the Board as a Non-executive Director and member of the Audit Committee.

James, a chartered accountant, was Chief Financial Officer of Severn Trent Plc from 2015 until recently retiring from this role. Prior to that, James held senior financial roles at Shire plc. James does not hold any other listed non-executive directorships.

Retirement of Senior Independent Director and recruitment of successor

Landsec also confirms that it is currently intended that Edward Bonham Carter (Senior Independent Director) who has been a Non-executive Director for over nine years, will retire from the Board in 2024, and that in light of this, a recruitment process has commenced, facilitated by an external recruitment agency, to look for a further Non-executive Director to join the Board. A further announcement will be made to confirm Edward's retirement plans and notify the appointment of his successor.

Sir Ian Cheshire commented: 

"I am very excited to welcome James Bowling to the Board as a Non-executive Director and as our future Audit Committee Chair. James is a highly experienced FTSE Chief Financial Officer who has successfully transferred his skills across sectors and has broad experience overseeing long-term capital investment models.

I would also like to thank Nicholas, who has chaired the Audit Committee for the last six years, including in challenging circumstances over the Covid pandemic. I am very pleased that we will continue to benefit from his skills and experience as a Non-executive Director."

There are no other details that are required to be disclosed in respect of Rule 9.6.13 of the Listing Rules.

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