Directorate Change

8 November 2016

Aldermore Group PLC (the "Company")

DIRECTORATE CHANGE

The Company announces that on 7 November 2016 Glyn Jones tendered his resignation as Non-Executive Chairman and Director of the Company, which will take effect from 6 February 2017. Glyn has decided to step down from the Board following a review of his time commitments after his appointment as Non-Executive Chairman of Old Mutual Wealth.

Glyn joined the Company in March 2014. He led the Company through the process which culminated in its successful IPO and listing on the London Stock Exchange in March 2015 and its subsequent admission to the FTSE 250. As part of this process Glyn has overseen the building of a strong and experienced Board of Directors.

In order to ensure an orderly transition, the Corporate Governance & Nomination Committee has already appointed a search agency to manage the process of finding a new Chairman. Additionally, in the event that the search for a permanent successor has not concluded by the effective date of Glyn's resignation, the Company's Senior Independent Director, Danuta Gray, will lead the Board as Interim Chair until such time as a permanent appointment is made.

Phillip Monks, Chief Executive Officer of Aldermore Group PLC, commented, "I would like to thank Glyn for the outstanding leadership that he has brought to the Board during a pivotal time in Aldermore's history. His guidance, knowledge and experience have been invaluable in delivering our growth strategy and in our ongoing pledge to deliver banking as it should be. Glyn will be very much missed and the Board would like to wish him well for the future."

Glyn Jones, Chairman of Aldermore Group PLC, said, "I have been delighted to work with the Board and management team over the last few years, and it has been a privilege to be part of the Aldermore journey. The Company has grown and strengthened significantly during this time, delighting its customers and achieving strong, profitable and sustainable growth. I wish the Aldermore team every success in the further development of the business."

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