Directorate Change

• Emilie McCarthy as Chief Financial Officer of the Company, with effect from 22 May 2024; and,
• Rachel Haworth as independent Non-Executive Director of the Company, with effect from 1 May 2024. Rachel will chair the Remuneration Committee and will serve on the Audit, Nomination and Group Risk Committees.

Emilie McCarthy has over 20 years of international experience across finance, risk management, and operations, working in the UK and the US. Before joining MAB, she held Chief Financial Officer roles at Hult International Business School and CNBC International, where she led global teams and drove the growth of new diversified revenue streams, strategic change and geographical expansion, and finance transformation programmes. She started her career with a 13-year tenure at General Electric, progressing through various finance leadership roles focused on financial services. Emilie holds a Masters of Science in Management with a major in Accounting and Finance from Neoma Business School in France.

Rachel Haworth has extensive experience in the financial services industry. She is a Non-Executive Director and Chair of the Remuneration Committee for Mansfield Building Society, and a Non-Executive Member of the Phoenix Independent Governance Committees covering the Phoenix, Standard Life and ReAssure brands. Her executive experience includes HSBC First Direct and more recently Customer Experience Director for Coventry Building Society. Rachel's expertise spans strategy, marketing, digital transformation, risk management and cultural leadership, and she is a Fellow of the Chartered Institute of Marketing.

Both appointments are subject to Regulatory Approval.

Peter Brodnicki, Chief Executive Officer, said:

"I am delighted to welcome Emilie and Rachel to the Board.

"Emilie is an experienced CFO and leader. Her appointment follows a thorough selection process during which she impressed us with her financial credentials, her leadership and wide-ranging corporate skills, as well as her strategic acumen. She shares the same entrepreneurial culture that has been essential to our success as a business, and I very much look forward to her contribution to our next phase of growth.

"Rachel is a very experienced executive and non-executive who has operated in the Financial Services industry for over three decades. She will bring a wealth of experience to MAB and is a great addition to our Board."

Emilie Nadia Marcelline McCarthy, née Burgaud, aged 43, currently holds or has held the following directorships and partnerships in the last five years:

Rachel Cecilia Haworth, née Hughes, aged 52, currently holds or has held the following directorships and partnerships in the last five years:

Peter Brodnicki, Chief Executive Officer Ben Thompson, Deputy Chief Executive Officer Lucy Tilley, Chief Financial Officer