Board Changes

Vp plc

('Vp' or the 'Group')

Board changes

Vp plc, the equipment rental specialist, today announces a number of Board changes:

Allison Bainbridge, Group Finance Director will retire and step down from the Board on 31 December 2022.  Allison will be succeeded by Anna Bielby who will join the Vp plc Board as Chief Financial Officer on 1 January 2023.  Allison will remain in the business to support with the transition until 31 January 2023.

Anna qualified as a chartered accountant with PwC where she was a director in its Audit and Consulting teams.  Her other roles include CFO of KCOM Group PLC and most recently Interim CFO at Lookers plc.

We also announce that Stephen Rogers, who has been a non-executive since October 2008, will be retiring from the Board on 31 December 2022.

We are pleased to announce the appointment from 1 January 2023 of two new non-executive directors, Stuart Watson and Mark Bottomley.

Stuart, who will also be Chair of the Audit Committee, is an experienced non-executive director and former senior EY Partner who was most recently a non-executive director and Audit Committee chair at Clipper Logistics plc.

Mark is the Chief Financial Officer at Cranswick plc where he has been a main Board member since 2009.

There are no further details required to be disclosed under Listing Rule 9.6.13 in relation to these appointments.

Commenting on the Board changes, Jeremy Pilkington, Chairman of Vp, said: "Allison has been Group Finance Director and a highly valued member of our Board since March 2011.  I would like to thank her for her very considerable contribution over these eleven years during what has been a period of material and successful growth for the Group.

"Steve has been an exceptional support to the Board throughout his long tenure.  We will always be grateful for his pragmatic approach to all Board matters and particularly in his role as Chair of the Audit Committee.

"I am also delighted to be welcoming Anna, Stuart and Mark to the Vp Board and look forward to enjoying the benefit of their experience in helping the Board to guide the future growth and prosperity of the Group."

- Ends -

For further information:

Notes to Editors

Vp plc is a specialist rental business providing products and services to a diverse range of markets including infrastructure, construction, housebuilding and energy markets, both in the UK and overseas.

The Group comprises a UK and an International division:

UK

Groundforce

A market leading rental and design provider of excavation support systems and specialist products to the water, civil engineering and construction industries with operations in the UK, the Republic of Ireland and mainland Europe.

Brandon Hire Station

The leading provider of tools and specialist rental products to industry, construction and home owners across the UK.

ESS

The leading specialist provider of safety, survey, communications and test & measurement equipment rental in the UK.

MEP Hire

The UK's largest provider of mechanical and electrical press fittings and low level access platforms to the construction, fit out, mechanical and electrical markets.

Torrent Trackside

Specialist suppliers of rail infrastructure portable plant and related trackside services to Network Rail, London Underground and their appointed track renewal, maintenance and project contractors.

TPA

One of Europe's largest suppliers of temporary access solutions.  Operating from bases in the UK and Germany, TPA provides portable roadways and temporary access solutions to customers in the transmission, construction, rail and outdoor events markets.

UK Forks

One of the UK's leading specialist hirers of telescopic handlers and tracked access platforms. The products and services are utilised by its customers to improve safety and productivity on construction and housebuilding sites across the UK.

International

Airpac Rentals

An international business supporting a wide range of oil and gas markets, servicing well test, pipeline testing, rig maintenance and LNG markets worldwide.

TR Group

Australasia's leading technical equipment rental group providing test and measurement, communications, calibration and audio visual solutions in Australia, New Zealand and South East Asia.

Further information is available at www.vpplc.com/investors