Non-Executive Director Appointment

The Company is pleased to announce the appointment of Steve Colsell as an independent Non-Executive Director and member of the Audit and Nomination Committees with immediate effect.

Steve has 40 years' experience within Financial Services, specialising in banking and insurance. During his executive career he served as divisional CFO (Wealth, Asset Finance & International) of Lloyds Banking Group plc, CFO for Insurance and Investment at HBOS plc and Group Finance Director of Kensington Group PLC. Prior to this he held a number of senior roles at Zurich Financial Services.

Steve also brings extensive non-executive experience and is currently the Chair of Family Assurance Friendly Society Limited (trading as OneFamily) and a Non-Executive Director of Pepper Money Group where he also Chairs the Audit and Risk Committees. He was previously a Non-Executive Director of Quilter Financial Planning where he chaired the Audit Committee, Starling Bank and St James's Place PLC.

Jim Brown, Chairman of STB said "Steve brings a wealth of accounting, risk and regulatory experience, combined with a strategic mind-set and proven leadership skills. He is a strong addition to the Board and we look forward to working with him to deliver value for our stakeholders."

There are no additional matters that would require disclosure pursuant to UKLR 6.4.8 of the Listing Rules of the UK Financial Conduct Authority.