Appointment of CEO and Chair designate

The Board of SIG is pleased to announce the appointment of Pim Vervaat as the Company's new Chief Executive Officer and Chair designate.

Pim will take up the role of CEO and join the Board on 1 October 2025. This appointment follows the announcement on 9 May 2025 that the Company had received notice from Gavin Slark of his resignation as CEO.

As part of SIG's longer term succession planning, it is expected that Pim will transition to the role of Non-Executive Chair approximately 18 months later, when Andrew Allner intends to step down as Non-Executive Chair, and from the Board. At this time Andrew will have served a full term in his role, having been appointed in November 2017. A process to identify Pim's successor as SIG's CEO will be undertaken in advance of this handover.

Pim, a Dutch national, has served as the CEO of large scale European industrial companies in both the UK listed sector and under private equity ownership. He most recently served as CEO of Constantia Flexibles, a €2 billion turnover flexible packaging company, which was acquired by One Rock in 2024. Prior to that he was CEO of the UK listed plastic products business, RPC Group, from 2013 to 2019, where he also served as CFO from 2007 to 2013. Pim is also currently Senior Independent Director of Luceco plc, a UK listed company offering wiring accessories, LED lighting, portable power and other products.

Commenting on Pim's appointment, SIG's Non-Executive Chair Andrew Allner said: "The Board is delighted to announce that Pim has agreed to join SIG as its CEO and Non-Executive Chair designate. He has significant experience of operating in decentralised European businesses and a strong track record of delivering shareholder value. The Board looks forward to working with Pim on SIG's growth and development."

Save as set out below, there are no other disclosures required in respect of the appointment of Pim Vervaat pursuant to UKLR 6.4.8 (1) to (6).

In light of the proposed CEO appointment, SIG has exercised its right to place its existing CEO Gavin Slark on garden leave for the remainder of his employment, until 31 December 2025. As a result, Gavin has stepped down as a director of the Company with effect from today's date. The Company continues to have strong and experienced leaders in each of its businesses, operating under SIG's well established devolved structure. In the period to 1 October 2025 the Group's CFO, Ian Ashton, will continue to work closely with them and will be responsible for the day-to-day operations of the Group. The whole executive team, together with the Board, remain focused on continuing the successful execution of the initiatives in place to improve SIG's businesses and drive the Group's operating and financial performance.

Richard Mountain