FOR IMMEDIATE RELEASE                                                               26^th May 2022

Manx Financial Group PLC (the "Group")

Conister Bank Limited appoints new Chairman

The Group announces that, as detailed in the 2022 AGM notice, David Gibson, a Non-Executive Director of the Group and Chairman of the Group's wholly owned subsidiary, Conister Bank Limited ("Conister") retired at the conclusion of the Group's AGM held yesterday.

Following his appointment in 2009 during a period of material change, David helped guide the Group both in the way in which the Group and Board are managed and also in the implementation of significant compliance, operational and structural changes. He will be succeeded as Chairman of Conister Bank Limited by existing Independent Non-Executive Director, John Spellman, who brings considerable experience of active engagement in the financial services sector, including acting as the strategic advisor to the Isle of Man government, specialising in finance and foreign direct investment, for over 11 years.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

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