Directorate Change

16 May 2017

Aldermore Group PLC (the "Company")

DIRECTORATE CHANGE

The Company announces that Christine Palmer, Chief Risk Officer, has been appointed as an Executive Director of the Company with effect from the close of the Company's Annual General Meeting (to be held today at 11.00am). Christine has also been appointed as an Executive Director of Aldermore Bank PLC.

Commenting on the appointment, Danuta Gray, Interim Chairman of Aldermore Group PLC, said:

"Christine joined Aldermore as Chief Risk Officer in April 2016, bringing with her a wealth of financial services and risk management experience. I am delighted to welcome her to the Board."

There is no other information to be disclosed under the requirements of Listing Rule 9.6.13R in relation to this appointment.

Notes:

Christine has over 28 years' experience in risk management, corporate and commercial banking, having held roles at ING Bank N.V., where she spent eight years across London and Amsterdam, Ernst & Young LLP and The Royal Bank of Scotland Group PLC. Her career at RBS spanned almost 14 years, during which time she held a number of senior positions in the Risk function including divisional chief risk officer and senior credit risk roles. She was most recently Global Head of Operational Risk and Director of Risk, Services.

For further information:

Rachel Spencer

Company Secretary

+44 (0)20 3553 4202

Martin Adams

Director of Financial Planning & Analysis and Investor Relations

+44 (0)20 8185 3108

Holly Marshall

Director of Corporate Affairs

+44 (0)20 3553 4828/+44 (0)7557 391682