TIDMBREE

RNS Number : 7648Z

Breedon Group PLC

05 September 2018

NEWS RELEASE

5 September 2018

BREEDON GROUP PLC ("bREEDON" OR "tHE GROUP")

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

Further to our announcement on 7 March that we had commenced a formal search process to seek two new independent non-executive directors, we are pleased to announce the first appointment.

Peter Cornell will join the Board as an independent non-executive director on 1 October this year. He is a Partner in Metric Capital, a Special Situations Fund targeting mid-sized companies throughout Europe with approximately EUR2 billion of assets currently under management.

Prior to founding Metric Capital with his two partners in 2011, Peter was a Managing Director at Terra Firma, one of Europe's leading private equity firms. He formerly spent more than 20 years with international law firm Clifford Chance, latterly as Global Managing Partner.

Peter is currently non-executive Chairman of Grant Thornton (C.I.) and Lexington Consultants, a professional service firm consultancy. He is also a non-executive director of Schroders (C.I.) Limited, F&C Commercial Property Holdings Limited and IE Business School in Madrid.

Commenting on Peter's appointment Peter Tom CBE, Breedon's Executive Chairman, said: "Peter brings a wealth of financial and corporate experience to Breedon and we are delighted to welcome him to our Board. We look forward to drawing on his wide-ranging expertise as we continue to grow and develop the Group."

It is expected that Peter will serve on the Group's Remuneration, Audit and Nomination Committees.

We expect to confirm the appointment of a further non-executive director before the end of this year.

- ends -

Enquiries:

Breedon Group plc 01332 694010

Peter Tom Executive Chairman

Pat Ward, Group Chief Executive

   Stephen Jacobs, Head of Communications                                       07831 764592 
   Cenkos Securities plc (Nomad and joint broker)                         020 7397 8900

Max Hartley

   Numis Securities (joint broker)                                                      020 7260 1000

Ben Stoop / Heraclis Economides

Notes to editors

Breedon Group plc is a leading construction materials group in the UK and Ireland. It currently operates two cement plants, around 80 quarries, 40 asphalt plants, around 170 ready-mixed concrete and mortar plants, nine concrete and clay products plants, four contract surfacing businesses, six import/export terminals and two slate production facilities. The Group employs nearly 3,000 people and has nearly 900 million tonnes of mineral reserves and resources. The Group's strategy is to continue growing organically and through the acquisition of businesses in the heavyside construction materials market.

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END

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September 05, 2018 02:01 ET (06:01 GMT)

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