THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

Secure Trust Bank PLC

("Secure Trust Bank" or "the Company" or "the Group")

CEO Succession Plan

The Board of Secure Trust Bank PLC announces that David McCreadie, the Group's Chief Executive Officer ('CEO'), will retire from his role after over four years as CEO and almost six years on the Board.

The Nomination Committee has implemented its succession plans and is delighted to announce the appointment of Ian Corfield as CEO Designate with effect from 23 June 2025 and as CEO with effect from 16 August 2025, subject to regulatory approval. In order to achieve a smooth transition of responsibilities, David will remain available to support the business until June 2026.

During his time as CEO, David McCreadie has refocused the Group, refreshed the management team, overseen the growth of the current lending businesses from £2,185m to £3,725m and streamlined the organisation, whilst navigating the impacts of the global pandemic, significant geopolitical changes, and challenges in the regulatory and market environment.

Ian Corfield brings a wealth of experience to Secure Trust Bank having spent over 20 years working in financial services. He was previously Chief Commercial Officer of NewDay Ltd from 2014 to 2023 where he helped build the Company into a leading financial services provider. Previously Ian served as CEO of Aussie Home Loans and Business & Retail Banking at Bankwest, both based in Australia, and prior to this he held a number of senior roles at HBOS Plc. Most recently Ian has worked as an adviser to HM Treasury and will step down from his role as a Specialist Partner at Flint Global, a regulatory and competition advisory firm, in advance of becoming CEO of Secure Trust Bank.

Jim Brown, Chair, Secure Trust Bank PLC commented:

"On behalf of the Board, our colleagues and our shareholders I would like to thank David for his commitment and contribution to the Group throughout his tenure. Since his appointment as CEO, David has driven strong progress against our lending ambition of £4bn. He has led the transformation of the Group into a simplified and more focused business, restructuring our operational platform to ensure the Group is well positioned for future growth and improved returns.

We are delighted to welcome Ian Corfield to the Board and as CEO. Ian brings significant strategic, financial services and consumer finance expertise with a focus on driving innovation in customer experience. Throughout his career he has demonstrated exceptional leadership skills and developed a strong track record of delivering profitable growth. We look forward to working with Ian to accelerate our growth plans and deliver value for our customers, colleagues and shareholders."

David McCreadie commented:

"It has been a privilege to lead Secure Trust Bank and to work with so many talented people. I am proud of the transformation we have delivered together to define a clearer purpose and direction for the Group, and I would like to thank current and former colleagues for their support, hard work and commitment.

We expect to achieve our current strategic ambitions in the near term and the foundations are in place to support the delivery of enhanced returns. As a result, it is the right time to transition the CEO role to ensure consistent leadership during the next phase of the Group's strategic development. I look forward to working with Ian, my colleagues and the Board to ensure an effective transition."

Ian Corfield commented:

"I look forward to working with the Board, Executive team and our people to drive the future success of the business. It is an exciting time to be joining the Group as we set our strategy for 2026 and beyond. The key priority will be to continue to execute on our plans to enhance returns."

Enquiries:

The person responsible for arranging for the release of this announcement on behalf of STB is Lisa Daniels.

This announcement is being made pursuant to Listing Rule 6.4.6R. There are no other matters to be disclosed under Listing Rule 6.4.8R in relation to Ian Corfield's appointment.

David McCreadie

David McCreadie will remain as Chief Executive Officer until 15 August 2025 and will continue to be available to the Group through to the end of his 12 month notice period, which expires on 16 June 2026. His departure terms are consistent with the Directors' Remuneration Policy and his service contract. Accordingly, he will continue to receive his current level of salary and benefits up to the cessation of his employment.  He will be eligible for a pro rata annual bonus in respect of his active service in 2025. David McCreadie will be treated as a good leaver for the purposes of his outstanding awards under the Company's share plans. His awards under the Long-Term Incentive Plan ('LTIP') will be pro-rated to his date of leaving but will vest on the normal dates subject to the achievement of the relevant performance conditions. His awards under the Deferred Bonus Plan will vest in full on the normal dates.

Additional details will be set out in the section 430(2B) disclosure that will be made available on the Company's website following his departure from the Board and will also be set out in the Directors' Remuneration Report for the year ending 31 December 2025.

Ian Corfield

Ian Corfield will receive a base salary of £700,000 per annum. The remaining elements of his remuneration will also be in line with the Directors' Remuneration Policy. On appointment, Ian Corfield will be granted an LTIP award with a value of 100% of base salary, with performance conditions assessed over the period 1 January 2025 - 31 December 2027.

Further details of his remuneration arrangements will be set out in the Directors' Remuneration Report for the year ending 31 December 2025.

About Secure Trust Bank

Secure Trust Bank is an established, well‐funded and capitalised UK retail bank with over 70‐years of trading history. Secure Trust Bank operates principally from its head office in Solihull, West Midlands, and has 904 employees (full‐time equivalent) as at 31 December 2024. The Group's diversified lending portfolio currently focuses on two sectors:

(i)         Business finance through its Real Estate Finance and Commercial Finance divisions; and

(ii)        Consumer finance through its Vehicle Finance and Retail Finance divisions.

Secure Trust Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.