Appointment of Chief Executive Officer

FOR IMMEDIATE RELEASE

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

7 December 2016

Arrow Global Group PLC

Appointment of Chief Executive Officer

Arrow Global Group PLC ('Arrow' or 'the Group'), announces that Tom Drury has decided to step down as Group CEO after over 20 years as a CEO, the last five of which have been with Arrow. Lee Rochford, formerly CFO of Virgin Money will replace Tom as Group CEO and Board Director from 3 January 2017. Tom will remain with the business until the end of February to provide an orderly handover period.

Lee brings extensive relevant financial services experience, including running a pan-European financial institutions advisory business which focused on the acquisition and sale of portfolios of non-performing loans across Europe, working both with financial institutions and private equity firms. He was also instrumental in delivering the highly successful IPO of fast growing retail challenger bank, Virgin Money, and in guiding the business as a listed company following the flotation.

Jonathan Bloomer, Chairman of Arrow Global Group PLC, said: "Tom has made an outstanding contribution to Arrow since he joined as CEO in 2011. He led the successful IPO in 2013 and has overseen a series of strategic acquisitions which have seen Arrow grow to become one of Europe's leading purchasers and managers of debt, alongside driving a significant increase in shareholder value.

"The Group now has a diversified asset base and mix of income streams in the UK, Portugal, the Netherlands, Belgium and France, and yesterday we announced the proposed acquisition of Zenith Service SpA, which marks our strategic entry to the Italian market. The Group continues to deliver on its stated strategy and there is no change to the outlook or guidance for 2016 performance. I would like to thank Tom for his contribution to Arrow and wish him well for the future.

"I am delighted that Lee is joining as Group CEO. He brings a tremendous breadth and depth of experience across all of our asset classes and an extensive track record in financial services. I am confident that he is the right person to lead the Group through the next stage of its growth."

Tom Drury added: "After over 20 years leading three companies the time is right for me to take some time out and plan for my future. I have thoroughly enjoyed the last five years at Arrow and I am very proud of what we have achieved during that period. Lee is joining a great team and I am confident that he will continue to deliver on Arrow's growth strategy.

Lee Rochford commented: "Arrow is a very well-positioned company with leading market positions, a strong customer focused team and a compelling growth strategy. I am very excited to be joining at this time and look forward to working with the team to build on the Group's positive momentum."

ENDS

For further information:

Arrow Global Group PLC +44 (0) 161 242 5885

Anthony Frost, Group Communications

Instinctif Partners +44 (0)20 7457 2020

Mike Davies

Giles Stewart

About Arrow Global Group PLC

Arrow Global Group PLC is one of Europe's largest and fastest growing providers of debt purchase and receivables management solutions. It purchases customer accounts from a range of businesses, including retail banks, credit card and telecommunications companies. As of 30 June 2016, it owned and managed portfolios with an aggregate face value at the time of purchase of GBP19.1 billion, including GBP15.3 billion of purchased loan portfolios.

About Lee Rochford

Lee Rochford was Chief Financial Officer at Virgin Money between October 2013 and August 2015, seeing the group through its successful IPO and into life as a listed company. Prior to this he held a number of roles at RBS between 2007 and 2013, culminating as Managing Director and Head of the Financial Institutions Group. Earlier in his career, Lee was Managing Director of Wachovia Securities' Principal Finance team, Managing Director and Head of European Asset Finance at Credit Suisse and Head of Northern European Securitisation at BNP Paribas.

Regulatory Disclosures

The Company confirms that there are no details to disclose in respect of Listing Rule 9.6.13R save that Lee Rochford was a Director of Virgin Money Holdings (UK) plc, a publicly quoted company from 18 November 2014 to 31 August 2015.

With effect from 3 January 2017, the composition of the Board of Arrow will be as follows*:

Jonathan Bloomer Non-Executive Chairman

Lee Rochford Chief Executive Officer

Robert Memmott Chief Financial Officer

Iain Cornish Senior Independent Non-Executive Director

Maria Luís Albuquerque Independent Non-Executive Director

Lan Tu Independent Non-Executive Director

*As announced by Arrow on 25th October 2016, the Board expects to appoint a new Non-Executive Director to replace Robin Phipps and will provide a further update regarding this appointment in due course.

Inside information

The information contained in this announcement is inside information. If you have any queries on this, please contact Stewart Hamilton, Arrow Global Group Company Secretary, (responsible for arranging the release of this announcement) at Arrow Global Group, 12 Booth Street, Manchester, M2 4AW or on +44 (0) 161 242 4488.