Vanquis Banking Group

CFO Succession

07 August 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Vanquis Banking Group plc ("the Group") today announces that Neeraj Kapur, Chief Financial Officer ("CFO") has informed the Board that he will be stepping down from his role with immediate effect for personal reasons. Gareth Cronin, currently the Group Chief Risk Officer, has been appointed interim CFO while the search for a permanent CFO takes place. Gareth will be supported by the deep senior bench strength in both the Group Finance and Group Treasury functions.

Ian McLaughlin, Chief Executive Officer, commented:

"Neeraj has played a key role in our transformation to a specialist banking group focused on mid-cost and near-prime customers and I would like to thank him on behalf of the Board, and the Group. We wish him all the very best for the future."