Directorate Change

14 October 2016

Aldermore Group PLC (the "Company")

DIRECTORATE CHANGE

The Company announces that Neil Cochrane has stepped down as a non-executive director of the Company with effect from 14 October 2016.

Neil was appointed as a director pursuant to the terms of the Company's Relationship Agreement with its principal shareholders comprising the AnaCap Funds who are proposing to appoint a replacement non-executive director to the board. An announcement regarding this appointment will be made in due course.

Glyn Jones, Chairman of Aldermore Group PLC, commented, "The board would like to take this opportunity to thank Neil for his significant contribution over the past two years, in particular his valuable insight into the digital evolution in banking, and wish him every success 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

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