Board Appointment

Metro Bank announces that Jaime Gilinski Bacal will join the Board as a Non-executive Director. The appointment will become effective once the necessary formalities are completed.

Jaime has a 52.88% shareholding in Metro Bank through his Spaldy Investments Limited vehicle. As previously disclosed, pursuant to the relationship agreement entered into in regard to the Capital Package in 2023, Spaldy Investments and Jaime Gilinski Bacal are entitled to appoint up to three directors in total to the Board.

Jaime Gilinski Bacal holds a number of investments in financial institutions and real estate, primarily in Latin America and the United States. Jaime Gilinski Bacal's other investments include controlling interests in Banco GNB Sudameris, Banco GNB Peru, Banco GNB Paraguay and Lulo Bank, and significant shareholdings in Grupo Sura S.A. and Grupo Nutresa S.A.

Robert Sharpe, Chair of Metro Bank, said: "Jaime's appointment underscores the commitment he has long shown to the bank as a supportive, long-term shareholder. He brings decades of banking expertise and experience which will prove invaluable on the next stage of the bank's journey."

Jaime Gilinski Bacal, founder of Spaldy Investments Limited, commented: "There are many opportunities for Metro Bank to grow and I am looking forward to playing a part in the evolution of the bank as we build on the solid foundational work undertaken to date. A customer-centric physical presence complemented by digital capabilities remains a unique offering and sets Metro Bank apart."

The information contained within this announcement is deemed by the Group to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (which forms part of UK law pursuant to the European Union (Withdrawal) Act 2018) and was authorised for release by Clare Gilligan, Company Secretary.