Directorate Change

19 April 2016

Aldermore Group PLC (the "Company")

DIRECTORATE CHANGE

The Company announces that Peter Cartwright has stepped down as a non-executive director of the Company with effect from 18 April 2016 due to time commitments. Peter will not stand for re-election at the 2016 Annual General Meeting of the Company, which will be held on Tuesday 17 May 2016.

Peter was appointed as a director pursuant to the terms of the Company's Relationship Agreement with its principal shareholders comprising the AnaCap Funds (the "AnaCap Funds"). The AnaCap Funds are not proposing to appoint a replacement non-executive director to the board at the current time and Neil Cochrane, the other non-executive director appointed by the AnaCap Funds, will continue in office.

Glyn Jones, Chairman of Aldermore Group PLC, commented, "As a founding member of the original board of Aldermore, Peter has played an integral part in supporting the Group's growth ambitions, culminating in our successful admission to the FTSE 250. The board would like to thank Peter for his significant contribution over the past seven years and wish him well for the future."

This announcement is made in accordance with the requirements of LR 9.6.11.

For further information:

Rachel Spencer

Company Secretary

+44 (0)20 3553 4202

Claire Cordell

Director of Investor Relations

+44 (0)20 3553 4274

Holly Marshall

Director of Corporate Affairs

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