Stagecoach : Planned Board changes

26 June 2019

Planned Board changes

Stagecoach Group plc ('Stagecoach') today announces planned changes to its Board of Directors.

Deputy Chairman, Will Whitehorn, will step down from the Board on 30 June 2020, when he will have served for nine years and be regarded as non-independent based on the criteria for independence stated in the UK Corporate Governance Code.

Will Whitehorn will be succeeded as Deputy Chairman by Ray O'Toole, who joined the Board as a Non-Executive Director in September 2016 and is currently Chairman of the Health, Safety and Environmental Committee and the Remuneration Committee. Ray O'Toole, who is also a member of the Audit and Nomination Committees, has extensive senior experience in the public transport sector in the UK, mainland Europe and North America.

We are pleased to confirm that Karen Thomson, Non-Executive Director, will continue to serve on the Board. She was due to step down from the Board at the conclusion of the Annual General Meeting scheduled for 30 August 2019. However, due to recent changes in her other business commitments, she will now continue as a Non-Executive Director and will seek re-election at the 2019 Annual General Meeting.

In addition, Non-Executive Director, Dame Jayne-Anne Gadhia, has indicated that she will be stepping down from the Board on 31 July 2019 and will therefore now not seek election at the 2019 Annual General Meeting. Dame Jayne-Anne is stepping down to take up the new full-time role of Chief Executive at financial services start-up, Snoop.

Stagecoach Chairman, Sir Brian Souter, said: 'I would like to take this opportunity to thank Dame Jayne-Anne for her positive contribution to the Board and wish her well for the future. I am pleased that we will have the insight, experience and good counsel of Ray O'Toole in his new role as Deputy Chairman as we look to maximise the opportunities for the business ahead.'

Ends

For further information, please contact:

Stagecoach Group plc

www.stagecoach.com

Investors and analysts

Ross Paterson, Finance Director 01738 442111

Bruce Dingwall, Group Financial Controller 01738 442111

Media

Steven Stewart, Director of Communications 01738 442111 or 07764 774680

John Kiely, Smithfield Consultants 020 3047 2476

Notes to editors

Stagecoach

· Stagecoach is a leading public transport business, employing around 27,000 people.

· Our focus is on providing safe, high quality, value travel where every customer matters. Our greener and smarter services support the economy, connect local communities and help deliver better air quality.

· We are the UK's biggest bus and coach operator. Our modern fleet of around 8,000 buses and coaches operates on a network stretching from south-west England to the Highlands and Islands of Scotland. It includes our low-cost coach service, megabus.com, which operates a network of inter-city services across the UK.

· Stagecoach is an experienced UK rail operator, running the East Midlands Trains network and holding a 49% shareholding in Virgin Rail Group, which operates the West Coast rail franchise.

· We also operate the Supertram light rail network in Sheffield.