Resignation of Chief Financial Officer

18 Nov 2022 

Resignation of Chief Financial Officer

Biffa plc ('Biffa', 'the Group' or 'the Company') (LSE: BIFF), announces that Richard Pike has resigned as Chief Financial Officer ('CFO') and a Director of the Company to assume the position of Group Finance Director at DS Smith Plc. Richard's departure date is expected to be no later than 30 April 2023.

Commenting on the announcement, Michael Topham, CEO of Biffa, said: "Richard has contributed significantly to the strong performance of our business and the development and delivery of our strategy, as we have repositioned Biffa as an enabler of the circular economy. I would like to take this opportunity to thank him, on behalf of the Board and his colleagues across Biffa, for his commitment and contribution during his time here. We wish him all the best for the future."

Richard Pike, CFO, added "I'm proud of Biffa's strong performance during my tenure and I retain a strong belief in the Group's strategy, the leadership team, and the efforts that all of our employees make every day in serving the communities in which we operate. After four years with the Group, I'm now looking forward to a new personal challenge and I wish Michael and the team the very best for the future."

ENQUIRIES:

Biffa

Investors & Analysts

Michael Topham, Chief Executive Officer or Richard Pike, Chief Financial Officer

[email protected]

Media

Houston

0204 529 0549

[email protected]

About Biffa We've been leading the UK's waste management industry for over 100 years and have a strong track record of growing our profits and returns to shareholders, whilst reinvesting to grow our business. Today Biffa is an established enabler of the UK circular economy and our team of more than 10,000 colleagues carry out essential operations every day including surplus redistribution, recycling, treatment, energy generation, collection, and disposal. Our purpose is 'to change the way people think about waste' and sustainability has been at the heart of our business strategy for many years.

Our areas of focus essentially reflect the waste hierarchy - to Reduce, Recycle, Recover and Collect. We have already made huge strides in our sustainability journey by investing in surplus redistribution, plastic recycling, energy from waste infrastructure and low carbon collections, leading to a 70% reduction in our carbon emissions since 2002. Our sustainability strategy, 'Resourceful, Responsible', will see us unlock £1.25bn of investment in vital green economy infrastructure by 2030, of which £1bn has already been unlocked, while further reducing our carbon emissions by 50% by 2030. We aim to have net zero emissions by no later than 2050.

We understand that we must lead by example and are committed to further improving health, safety, and wellbeing in our sector. We are proud to have been awarded a 5-star grading by the British Safety Council. We have also made strong progress in making sure Biffa is an inclusive place to work where diversity is championed and our >10,000 strong workforce feel valued and understand the positive contribution they make to enabling the UK circular economy.

Our long-standing Biffa Award programme supports sustainable projects across the UK which deliver environmental benefits while making a valuable contribution to local communities. Our partnership with WasteAid helps countries in the developing world with managing their waste more sustainably. That's just a bit about us. To find out more, visit: www.biffa.co.uk/investors