Cairn Homes : Director Announcement

Cairn Homes plc

Director Announcement

Dublin/London, 12 July 2019: Cairn Homes plc ('Cairn', or the 'Company') (Euronext Dublin/LSE: CRN), the leading Irish homebuilding company, announces that Tim Kenny, Group Finance Director has advised the Board of his intention to leave his role in January 2020 to take up a new senior management position in a private Irish company. Tim will continue to work closely with CEO, Michael Stanley and his management colleagues on a number of key projects over the coming months in addition to ensuring a seamless transition to his successor. A process to recruit a new Group Finance Director will commence immediately.

John Reynolds, Chairman said: 'Tim has made a significant contribution to the evolution of Cairn during his time as Group Finance Director. We are sorry to see him depart for pastures new and he does so with our best wishes.'

Michael Stanley, Chief Executive Officer said: 'Tim's role in establishing a strong finance function in the Group has been invaluable. I am pleased to have had the opportunity to work closely with him and benefit from his professionalism and his counsel. We remain focused on building on the success achieved by Cairn to date and on securing a strong successor to Tim.'

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For reference:

Cairn Homes plc: [phone]

Michael Stanley

Declan Murray

Drury Porter Novelli [phone]

Billy Murphy

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.