Cairn Homes : Board Committee Composition Changes

Cairn Homes plc

Board Committee Composition Changes

Dublin/London, 9 July 2019: Cairn Homes plc ('Cairn', or the 'Company') (Euronext Dublin/LSE: CRN), the leading Irish homebuilding company, today announces changes to the composition of its Board Committees to take place with immediate effect. The changes to Committee composition follow the recent appointments of three new independent, Non-Executive Directors in March and April 2019.

Ms. Linda Hickey is appointed as Chair of the Remuneration Committee replacing Mr. Giles Davies who is appointed as Chair of the Nomination Committee in place of Mr. John Reynolds. As part of orderly succession, Mr. Davies will remain as a member of the Remuneration Committee. Ms. Hickey has also been appointed as a member of the Audit & Risk Committee which continues to be chaired by Mr. Gary Britton. Mr. David O'Beirne is appointed as a member of the Nomination Committee and the Remuneration Committee. Ms. Jayne McGivern is appointed as a member of the Audit & Risk Committee and the Remuneration Committee. Mr. Alan McIntosh is appointed as a member of the Nomination Committee. The composition of each of the Committees is fully aligned with the provisions of the 2018 UK Corporate Governance Code.

The new composition of each of the Board Committees are detailed below.

Audit & Risk Committee	Remuneration Committee	Nomination Committee
Gary Britton (Chair)	Linda Hickey (Chair)	Giles Davies (Chair)
Giles Davies	Giles Davis	Gary Britton
Andrew Bernhardt	Gary Britton	David O'Beirne
Jayne McGivern	Andrew Bernhardt	Alan McIntosh
Linda Hickey	David O'Beirne
	Jayne McGivern

-ENDS-

For more information, please contact:

Cairn Homes plc [phone]

Tara Grimley

Drury Porter Novelli [phone]

Billy Murphy

Morwenna Rice

Louise Walsh

Finsbury [phone]
Gordon Simpson

Charles O'Brien

Notes to Editors

Cairn Homes plc ('Cairn') is the leading Irish homebuilder committed to building high-quality, competitively-priced, sustainable new homes in great locations. Cairn operates a defined and established business model which brings together the best town planners, architects, subcontractors and designers in collaboration with our own experienced team. At Cairn, the homeowner is at the very centre of the design process and we strive to provide an unparalleled customer service throughout each stage of the home-buying journey. A new Cairn home is thoughtfully designed and built to last with a focus on creating shared spaces and environments where communities prosper. Cairn owns a c. 15,100 unit land bank across 32 residential development sites, 90% of which are located in the GDA with excellent public transport and infrastructure links. Cairn is today building on 15 sites in the GDA, which will deliver over 5,250 new homes.