III 3i Group Plc

TIDMIII

RNS Number : 4462N

3i Group PLC

30 September 2021

3i Group plc

Chairman and Non-executive Director Appointments

Following the Company's announcement on 13 May 2021 that Simon Thompson would not seek re-election as Chairman of the Board at the Company's 2022 AGM, 3i Group plc is pleased to announce that David Hutchison, currently Senior Independent Director and Chairman of 3i's Valuations Committee, will become non-executive Chairman of the Board following the announcement of the Company's half-year results, which is expected to take place on 11 November 2021.

The selection process was conducted by a sub-committee of the Nominations Committee (which excluded Mr Thompson and Mr Hutchison) and included consideration of both internal and external candidates. The sub-committee was assisted by Russell Reynolds Associates.

3i Group plc is also pleased to announce the appointment of Lesley Knox as a non-executive Director of the Company with effect from 1 October 2021.

Simon Thompson, 3i Chairman, said: "During my time as Chairman, the 3i team under Simon Borrows' leadership has significantly strengthened ESG management while achieving total shareholder returns of 19% per annum, despite the headwinds of COVID-19. David has been an outstanding Senior Independent Director and I wish him every success as he takes over as Chairman. I would also like to welcome Lesley Knox, who brings a wealth of international, strategic and financial services experience to the Board."

David Hutchison said: "It will be a great privilege to become Chairman of 3i and I look forward to helping continue the growth and success achieved during Simon Thompson's chairmanship."

Lesley Knox said: "I am very pleased to be joining 3i's Board. 3i has a strong institutional franchise as well as a strong management team. Its conservative balance sheet strategy and the strength of its portfolio means it is well placed to continue to generate value for its shareholders."

Simon Borrows said "I am grateful to Simon for his leadership of the 3i Board, particularly through the COVID-19 pandemic. I look forward to working closely with David who has a deep knowledge of 3i, its portfolio and its culture. I am also pleased that Lesley Knox has been appointed to the Board. Together with the executive team, the Board is well placed to drive 3i's continued success."

For further information, contact:

   Kathryn van der Kroft                                                             020 7975 3021 

Communications Director

Silvia Santoro 020 7975 3258

Investor Relations Director

Notes to Editors

About Lesley Knox

Lesley brings a wealth of international, strategic and financial services experience having spent over 18 years in senior roles in financial services, including with Kleinwort Benson and the Bank of Scotland. Lesley previously served as Chair of Alliance Trust PLC, as Senior Independent Director at Hays plc and non-executive director of SAB Miller plc, Centrica plc and Thomas Cook Group plc. Her current other appointments are: Legal & General Group plc (Non-executive director); Dovecot Studios Limited (Non-executive Director); Genus Plc (Senior Independent Non-Executive Director and Chair of Remuneration Committee); Grosvenor Group Limited pension fund (Trustee); National Galleries of Scotland Foundation (Trustee)

There is no further information required to be disclosed by Listing Rule 9.6.13 R.

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