Appointment of Non-Executive Director

Appointment of Non-Executive Director- Lynn Krige

U and I Group Plc (U+I), the leading property regeneration company, announces that the Board has appointed Lynn Krige as an Independent Non-Executive Director and member of the Audit and Risk Committee with effect from today, 10th March 2016. The Board also announces that Sarah Bates, the Senior Independent Director and Chair of the Audit and Risk Committee, will be stepping down as a Non-Executive Director following the Company's Annual General Meeting ('AGM') on 14th July 2016 due to her commitments elsewhere. Lynn will replace Sarah as Chair of the Audit and Risk Committee and as a member of the Remuneration and Nomination Committees following the 2016 AGM. Nick Thomlinson will take over from Sarah as Senior Independent Director following Sarah's departure from the Board. 

Lynn brings with her a wealth of experience from across the construction, infrastructure, investment and B2B services sectors. With over 25 years' experience, she is currently CFO at British Engineering Services Limited and has previously held executive roles at Speedy Hire Plc and John Laing plc, originally qualifying with Deloitte in South Africa. Lynn is currently a member of the Audit Committee at The Imperial War Museum.

Lynn's appointment follows that of Chairman designate, Peter Williams, in January 2016, and comes at a time of strategic refocus for U+I. Specialising in best-in-class mixed-use regeneration, U+I is focussed on delivering value by transforming undervalued land and assets into productive places. The management team is now executing a number of strategic initiatives to drive increased value from across the business, with a specific focus on larger regeneration opportunities in the London City region, Manchester and Dublin.

David Jenkins, Chairman, said: "We are delighted to welcome Lynn to the board whose breadth of experience across a range of business sectors will support and benefit the Group. The Board would also like to thank Sarah, whose knowledge and insight has provided an excellent contribution to the Company over the last six years."

ENDS

For further information, please contact:

Lucy Grimble, Head of Investor Relations

+44 207 802 9935

Peter Hewer / Charlotte Church, Tulchan Communications

+44 207 353 4200

About U+I

U+I is a property regeneration company that transforms undervalued parts of towns and cities into communities where people and enterprise can thrive. The product of a merger between Development Securities PLC and Cathedral Group, two of the UK's leading property companies, U+I has a current market capitalisation of c. £300 million.

With a portfolio of mixed-use regeneration projects in London, the south-east, Manchester and Dublin we bring creativity and innovation to some of the most exciting opportunities in the property market. We combine financial strength and commercial acumen, a strong track record of working in partnership with public bodies, a commitment to the highest standards of design and architecture and a careful curation of place and history, to deliver long-term, sustainable change and value for our diverse stakeholder groups.

To find out more, visit www.uandiplc.com

Notes:

Lynn will be paid a basic Non-Executive salary of £40k per annum plus £5k per annum as a member of the Audit and Risk Committee.

1. Lynn is a highly experienced Chartered Accountant with over 25 years' experience in commercial and strategic finance roles on a PLC Board level.

For the last four years Lynn has been a member of the Audit Committee on the Imperial War Museum Board.

Positions to date:

· 2011-to date - Imperial War Museum

· 2014- to date -British Engineering Services Limited

· 2011- 2014- Speedy Hire, Financial Director

· 1999-2011- John Laing Plc

· 1997-1999- Shire Pty Limited, South Africa

· 1994-1996- Nissan South Africa

· 1991-1993- National Audit Office

· 1991-1992- Deloitte & Touche LLP

2. Lynn will be appointed as Chair designate of our Audit and Risk Committee.

3. For the purpose of Listing Rule 9.6.13(1), Lynn holds or has held the following publicly quoted board positions in the previous five years:

2011 - 2014 - Group Finance Director, Speedy Hire PLC

1999 - 2011 - Group Finance Director, John Laing PLC

4. Other than as noted above, there is no additional information required to be disclosed pursuant to Listing Rule 9.6.13R in respect of Lynn.

5. Lynn holds no shares in the Company.