Directorate Change

VIRGIN MONEY UK PLC

(Company)

LEI: 213800ZK9VGCYYR6O495

26 November 2019

Directorate Change

The Company announces that Clive Adamson, a Non-Executive Director, has informed the Board of his intention to step down from the Board on 29 November 2019 to take up an external appointment. Clive has been a member of the Board since July 2016. He is Chair of the Board's Risk Committee and a member of the Board's Audit Committee. Clive is also a Director of Clydesdale Bank PLC and of Virgin Money plc.

Jim Pettigrew, Chairman of the Company said: "On behalf of the Board I would like to thank Clive for his contribution, specifically in developing the role of the Risk Committee in the Company's first years as a listed company and in overseeing the delivery of the Group's IRB accreditation which was successfully achieved in October 2018. We wish Clive well for the future."

Geeta Gopalan, one of the Company's independent Non-Executive Directors will be appointed Chair of the Board's Risk Committee with effect from 30 November 2019, subject to regulatory approval. She will also become a member of the Board's Audit Committee on 30 November 2019. Geeta joined the Board on 15 October 2018 following the Company's acquisition of Virgin Money and has been a member of the Board's Risk Committee since that date. She has also been Chair of the Virgin Money plc Board Risk Committee since January 2018.

There is no additional information to disclose under paragraph 9.6.13R of the Listing Rules.

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