Appointment of Non-Executive Director

VIRGIN MONEY UK PLC

(Company or Virgin Money)

LEI: 213800ZK9VGCYYR6O495

9 September 2022

Virgin Money UK appoints Sara Weller CBE as Non-Executive Director

In accordance with Listing Rule 9.6.11, Virgin Money announces the appointment of Sara Weller CBE as a Non-Executive Director of the Company effective from 3 October 2022. Sara is appointed as the Representative Director of Virgin Enterprises Limited (VEL) under the terms of the Brand Licence Agreement between VEL and the Company.

Sara's biography is set out below. Sara is currently a non-executive director of BT Group plc. Her most recent previous non-executive director roles include over nine years on the board of Lloyds Banking Group plc between 2012 and 2021 where she was chair of the Responsible Business Committee and more than eight years as board member and Chair of the Remuneration Committee at United Utilities Group PLC between 2012 and 2020.

David Bennett, Chairman, said: "I am pleased to welcome Sara Weller to the Board. Sara's breadth of experience across a number of industries, strong combination of brand understanding and consumer focus will bring valuable insights to the Virgin Money Board."

Sara Weller said: "I am looking forward to working with the Board and management team at Virgin Money on the journey to provide brilliant digital experiences which make customers happier about money." 

Sara will also become a member of the Governance and Nomination Committee and will join the Board of Clydesdale Bank PLC effective from 3 October 2022.

Other than the directorships disclosed above, there are no matters requiring disclosure under Listing Rule 9.6.13R.

Biographical information

Sara Weller CBE is an independent non-executive director of BT Group plc (BT) and a member of BT's Audit & Risk, Nominations, Digital Impact & Sustainability and Compliance committees. In September 2022 she joined the board of the Money and Pensions Service, and she is also currently Chair of the Remuneration Committee at New College, University of Oxford and a member of the Stop MS Campaign Board, part of the MS Society charity. Sara's previous roles include managing director of Argos and various senior positions at J Sainsbury, including deputy managing director and serving on its board between 2002 and 2004. Sara was a non-executive director of Lloyds Banking Group from February 2012 to May 2021 and United Utilities Group from March 2012 to July 2020. She was also the lead non-executive director at the Department for Work and Pensions from April 2017 until April 2020. She has also previously been a non-executive director of Mitchells & Butlers and held senior management roles at Abbey National and Mars Confectionery.

Announcement authorised for release by Lorna McMillan, Group Company Secretary.

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