De La Rue : Change of directorate

De La Rue plc (De La Rue or the 'Company') is today pleased to announce the appointments of Rt Hon Baroness Catherine Ashton and Margaret Rice-Jones as a Non-executive Directors of the Company. The appointments will take effect immediately.

Baroness Catherine Ashton is the former British European Union ('EU') Trade Commissioner, representing the EU in global trade negotiations. As EU High Representative she created the European External Action Service overseeing its 140 Diplomatic Missions and 8 military operations and she chaired the EU Foreign Affairs, Defence and Development Councils. Baroness Ashton was also responsible for high profile negotiations on behalf of the UN Security Council. She is currently a Member of the Global Advisory Board of GardaWorld Corp, the largest privately owned security company in the world, servicing banks, airports, embassies, NGOs and multinationals. She is a member of the Global Advisory Board at Project Associates Limited, a global strategic communications firm with offices across Europe, Asia and the Middle East, Chancellor of Warwick University and a non-affiliated Peer in the House of Lords. Baroness Ashton also held a non-executive position at AS Citadel Banka between 2016 and 2018.

Margaret Rice-Jones has extensive experience within innovative technology businesses, bringing particular expertise in software and digital platforms. She has an engineering background and has operated at Board level in a number of executive and non-executive roles. Last year Margaret was appointed to Chair Penguin Portals Limited, the network of insurance and energy comparison businesses and a subsidiary of the Admiral Group. She is also Chair of Origami Energy Limited and a non-executive director of Holiday Extras Limited. Margaret was Chair of Skyscanner Limited from 2013 to 2016, when it was sold to CTrip for £1.4 billion, and a director of Xaar plc from 2015 to 2020, where she was the senior independent director and chair of the remuneration committee. Margaret was previously CEO of Aircom International Limited, a global software and services company and held senior executive positions at Motorola Networks Solutions Sector and Psion UK plc.

Kevin Loosemore, Chairman of De La Rue commented:

'Baroness Catherine Ashton and Margaret Rice-Jones bring highly relevant experience in global government and geopolitical affairs and in the software, telecoms and technology industries respectively which will enable them to make an excellent contribution to the Board at an exciting time for the business. I look forward to welcoming them to De La Rue.'

There are no further disclosures required under Listing Rule 9.6.13 in respect of Baroness Catherine Ashton or Margaret Rice-Jones.

Enquiries:

De La Rue plc
[phone]
Kevin Loosemore, Chairman
Clive Vacher, Chief Executive Officer
Matthew Rose, Director of Tax, Treasury and Investor Relations

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