Statement by Permanent TSB Group Holdings p.l.c. (PTSBGH)

Headline: Directorate Changes

12 December 2023

The Chair of Permanent TSB Group Holdings plc (PTSBGH), Julie O'Neill, has announced a number of changes to the Board of PTSBGH.

The Company's 2022 Annual Report set out that Andrew Power would retire from the Board at the Company's AGM on the 19 May 2023 (completed) and Ken Slattery would step down as a Director at the end of 2023.

PTSBGH confirms that Ken Slattery stepped down from the Board today (12 December 2023) and with effect from this date, the Board has appointed two new independent non-executive directors, Catherine Moroney and Rick Gildea.

Catherine Moroney is an accomplished business leader who has spent a large portion of her career at senior executive level in the Irish financial services sector (AIB Bank). She brings extensive experience in business banking to the Board as the Bank further develops its business banking proposition. Catherine has also held a number of non-executive board positions and committee chair/member roles including audit, risk and remuneration committees where she has gained valuable skill and expertise in leading customer-facing businesses with a focus on strategic planning, business growth, innovation, transformation and sustainability programmes.

Rick Gildea's background in corporate banking (JP Morgan Chase) will bring deep experience of client coverage and risk management together with capital markets expertise to the Board. Rick spent a large portion of his career at senior executive level in international banking roles in the US, UK and EMEA, prior to pursuing a non-executive career. Most recently, Rick was an independent non-executive director at Alpha Bank (a domestic and international bank listed on the Stock Exchange in Athens) where he chaired the remuneration committee and was a member of the risk committee with a particular focus on non-performing loan risk management.

Speaking today, Julie O'Neill acknowledged Mr Slattery's contribution to the Board since his appointment in 2013 saying that "PTSB has benefited greatly from Ken's experience, diligence and exceptional commitment over his tenure. On behalf of the Board, I thank him sincerely for the many meaningful contributions he has made to the Bank across a wide range of roles during his tenure."

Welcoming Catherine and Rick to the Board, Julie commented "I am delighted to announce the appointment of two highly experienced individuals to the Board. Catherine and Rick bring a wealth of banking knowledge and experience which will further strengthen the capabilities of the Board as we continue to deliver our strategic priorities for sustainable growth. I look forward to working with them in the years ahead."

Conor Ryan

Company Secretary