Senior Management Change - Replacement

5 November 2014

LADBROKES PLC

NICK RUST TO LEAVE LADBROKES TO TAKE UP SENIOR ROLE AT BRITISH HORSERACING AUTHORITY

Ladbrokes Retail Director, Nick Rust, will be leaving the company in 2015 to take up a new role as Chief Executive Officer of the British Horseracing Authority.

Nick has been with Ladbrokes in his current role for three and a half years.

Commenting on his departure, Ladbrokes CEO, Richard Glynn said:

"Nick has played a significant role in Ladbrokes since he rejoined us in 2011 to help transform our retail offer. He has created a strong team who have been running the day-to-day business for some time and who have a clear view on what needs to be done to keep the retail offer highly competitive.

 "We wish Nick well in what is an important role for horse racing at an important time. With his lifelong passion for racing, his knowledge of the industry and the threats posed to it from the growing popularity of other sports he has a lot to deal with and a lot to offer."

It is currently planned he will work until the end of his notice period (April 2015). He will understandably play no further part in any discussions affecting horse racing or horse racing industry relations.

With strong and experienced teams in place across the business there are no immediate plans to replace Nick Rust's position in a like for like role. 

Enquiries: Telephone 0208 515 5730

Donal McCabe, Director External Affairs

Richard Snow, Head of Investor Relations

END