STV Group plc

LEI: 21380075GOOTTBDNDJ58

1 May 2024

DIRECTORATE CHANGES

STV Group plc announces that, as planned, Ian Steele has stepped down from the Board as Non-Executive Director and Chair of the Audit & Risk Committee at the conclusion of the Annual General Meeting today, having served for more than eight years.

Following on with immediate effect, Simon Miller, Senior Independent Director, is appointed as Chair of the Audit & Risk Committee on an interim basis pending the appointment of a successor to Ian Steele to be announced in due course and Naomi Climer, Non-Executive Director and Chair of the Remuneration Committee, is appointed to the Nomination Committee.

Following the announcement earlier this year that Simon Pitts will step down from his role as Chief Executive Officer to take up a new appointment beginning in Q1 2025, it is confirmed that he will leave the business on 1 November 2024.  Until his departure Simon continues to be focused on the delivery of the Company's strategy and targets and on ensuring the effective transition of his responsibilities.

The process to appoint a successor is underway and a further update will be issued in due course.

This announcement is made pursuant to Listing Rule 9.6.11 and LR 9.6.12.

Paul Reynolds, Chairman, said:

"I would like to thank Ian for his outstanding contribution as a member of the Board. Ian's financial expertise, constructive challenge and unstinting support have been invaluable to STV over the past eight years.

"Following the announcement in March that Simon Pitts will step down to take up a new appointment, it is confirmed that Simon will leave on 1 November. Simon has been - and is - a first-class CEO.   He is the architect of the strategy that has re-shaped STV so profoundly and effectively over the last six years; but more than that he has shown the operational and leadership skills to make an ambitious strategy happen. He leaves with our gratitude and very best wishes for his new role.  The process to appoint a successor to the CEO is underway and an update will be confirmed in due course."

Enquiries:

STV Group plc: Kirstin Stevenson, Head of Communications            Tel: 07803 970 106

Camarco:  Geoffrey Pelham-Lane, Partner                                        Tel: 07733 124 226

Ben Woodford, Partner                                                                       Tel: 07790 653 341