TIDMMTRO

RNS Number : 6528B

Metro Bank PLC

15 February 2022

15 February 2022

Legal Entity Identifier:

213800X5WU57YL9GPK89

METRO BANK PLC

Board change

Metro Bank today (15.02.2022) announces that David Arden, Chief Financial Officer, has agreed with the Board that he will step down from the Board with immediate effect and leave the business on 1st April 2022.

Marc Jenkins, Deputy CFO, will assume responsibility for the Finance function from 15 February 2022 while the bank recruits for an interim CFO; that process has commenced and a further announcement will be made in due course. The Board will comprise of 10 members until a successor is appointed.

Metro Bank's preliminary financial results will be announced on 23 February 2022 as planned and are expected to be in line with management expectations.

Daniel Frumkin, CEO said: "On behalf of the Board I would like to thank David for the important work that he has done to strengthen Metro Bank's financial controls over the past two years. He has played an instrumental role in helping to deliver the bank's strategic priorities and turnaround plan and leaves with our best wishes for the future."

David will be treated in accordance with Metro Bank's approved remuneration policy and, once finalised, full details of his terms will be disclosed on the Metro Bank website in compliance with Section 430(2B) of the Companies Act 2006 and in the Directors' Remuneration Report within the Company's Annual Report and Accounts for the year ended 31 December 2021, and subsequent years, as appropriate.

Enquiries

For further information on this announcement, please contact:

Metro Bank PLC Investor Relations

Jo Roberts

+44 (0) 20 3402 8900

IR@metrobank.plc.uk

Metro Bank PLC Media Relations

Tina Coates / Abigail Whittaker

+44 (0) 7811 246016 / +44 (0) 7815506562

pressoffice@metrobank.plc.uk

Teneo

Charles Armitstead

+44 (0)7703 330269

Metrobank@teneo.com

About Metro Bank

Metro Bank services more than two million customer accounts and is celebrated for its exceptional customer experience. It is the highest rated high street bank for overall service quality and best bank for service in-store for personal and business customers in the Competition and Market Authority's Service Quality Survey in August 2021. It was recognised as 'Bank of the Year' at the 2020 MoneyAge Awards and 'Banking Brand of The Year' at the Moneynet Personal Finance Awards 2021, received Gold Award in the Armed Forces Covenant's Employer Recognition Scheme 2021 and won Best Open Banking Partnership - Commercial at the inaugural Open Banking Expo Awards 2021.

The community bank offers retail, business, commercial and private banking services, and prides itself on giving customers the choice to bank however, whenever and wherever they choose, and supporting the customers and communities it serves. Whether that's through its network of 78 stores open seven days a week, 362 days a year; on the phone through its UK-based 24/7 contact centres; or online through its internet banking or award-winning mobile app: the bank offers customers real choice.

Metro Bank PLC. Registered in England and Wales. Company number: 6419578. Registered office: One Southampton Row, London, WC1B 5HA. 'Metrobank' is the registered trademark of Metro Bank PLC.

It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Most relevant deposits are protected by the Financial Services Compensation Scheme. For further information about the Scheme refer to the FSCS website www.fscs.org.uk . All Metro Bank products are subject to status and approval.

Metro Bank PLC is an independent UK bank - it is not affiliated with any other bank or organisation (including the METRO newspaper or its publishers) anywhere in the world. Please refer to Metro Bank using the full name.

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February 15, 2022 02:00 ET (07:00 GMT)

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