B&M European Value Retail S.A. announces the following Board changes. Oliver Tant is to be appointed, subject to shareholder approval, as a Non-Executive Director of the Company with effect from 1 November 2022 when hewill also join the Audit & Risk and Nomination Committees. At the conclusion of the Company's AGM in July 2023, it is intended that Oliver will succeed Ron McMillan as the Chair of the Audit & Risk Committee.

Ron will by then have served over nine years as a Non-Executive Director and accordingly will be retiring from the Board. Oliver Tant was Chief Financial Officer ("CFO") of FTSE 30 global consumer and international tobacco company Imperial Brands PLC from 2013 to 2021. Oliver had responsibility for the full range of finance functions along with the corporate development, legal, science, IT and procurement teams. During his time at Imperial, Oliver made a significant contribution to the transformation and development of the business.

Oliver is currently a Non-Executive Director and Audit Committee Chair designate of Redrow plc. Oliver is also currently working with Brookfield Asset Management where he is providing financial consulting services to their portfolio company Modulaire Group. Prior to joining Imperial, Oliver spent over 30 years with KPMG.

He was a partner from 1994 (covering audit, transaction and advisory services) and from 2005 was co-lead of the Financial Advisory business. From 2009 to 2012 Oliver was UK Head of Audit. Oliver also served on KPMG's international executive committee for a period of four years.

For the last four years Ron McMillan has also held the role of Senior Independent Director. A separate announcement will be made in due course in relation to the succession plan for this role.