2020 Annual General Meeting and Board Changes

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO.596/2014.

TruFin plc
("TruFin" or the "Company" or together with its subsidiaries "TruFin Group" or "Group")

1 June 2020

2020 Annual General Meeting ("AGM") and Board Changes

Date of 2020 AGM

The Board is pleased to announce that the Company's AGM will take place at 12pm on 26 June 2020. Further details on the location and resolutions to be proposed at the AGM will follow in due course by further announcement and in the AGM Notice.

Board changes

The Board announces that Henry Kenner will not be seeking re-election to the Board at the forthcoming AGM on 26 June and will therefore be stepping down as Non-Executive Chairman of the Company and stepping down from all Group company Boards. Following the AGM, Henry has agreed to provide ongoing consultancy services to the Company for 12 months.

Henry was one of the founders of the TruFin Group and acted as its first Chief Executive Officer and Executive Chairman, before transitioning to Non-Executive Chairman in 2019.

TruFin is pleased to announce that Steve Baldwin, an existing Independent Director of the Group, has agreed to take up the role of Non-Executive Chairman with effect from the end of the AGM.

Penny Judd will assume the role of Senior Independent Director.

With effect from the end of the AGM and in accordance with the terms of reference of the Remuneration Committee, Steve Baldwin will step down from his role as Chairman of the Remuneration Committee. Paul Dentskevich will be appointed Chairman of the Remuneration Committee. Steve Baldwin will remain as a member of the Remuneration Committee and the composition of the Nomination and Audit Committees will remain unchanged, save for the departure of Henry Kenner from the Nomination Committee.

Steve Baldwin, Senior Independent Director, commented:

"As a Board we would like to express our gratitude to Henry for his leadership since the inception of TruFin.  It was his vision and energy, with James by his side, that created the Group, and each of the Group's individual businesses have benefited greatly from his experience, judgement and counsel since that time.  We are pleased to say that he will continue to provide his support as a consultant."

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About TruFin plc:

TruFin plc is the holding company for an operating group of companies that are niche lenders and early payment providers. TruFin Group combines the benefits of both the traditional relationship banking model and developments in the fintech sector. The Company was admitted to AIM in February 2018 and trades under the ticker symbol: TRU. More information is available on the Company website www.TruFin.com