FIRSTGROUP PLC - Directorate Change

FIRSTGROUP PLC
DIRECTORATE CHANGE

Having overseen the recent renewal of the Board, with six new Directors appointed in the last two years together with the new strategic direction of the Company, Wolfhart Hauser has informed the Board that he believes it would be appropriate for the Company to commence planning for his succession. Wolfhart Hauser will therefore not be standing for re-election at the AGM.

With effect from the end of the AGM on 25 July 2019, David Robbie, Senior Independent Director, will become interim Chairman of the Board and will oversee a formal and rigorous process to select a new Chairman in accordance with UK Corporate Governance Code recommendations. That process has already commenced.

Commenting, Wolfhart Hauser said:

“Having renewed the Board through the appointment of independent directors with a diverse range of skills and expertise focused on the future of mobility services and overseen the appointment of Matthew Gregory as Chief Executive and Ryan Mangold as Chief Financial Officer to drive delivery of the strategy, it is now time for me to move on. I am confident that the clear path forward laid out for the Group in our strategy announcement on 30 May is the best way to deliver enhanced sustainable value to all shareholders, and that the Board and management team will execute these plans at pace.”

Contacts at FirstGroup:
Faisal Tabbah, Head of Investor Relations
Stuart Butchers, Group Head of Communications
Tel: [phone]

Contacts at Brunswick PR:
Andrew Porter / Alison Lea, Tel: [phone]

Classification as per DTR 6 Annex 1R: 3.1. Legal Entity Identifier (LEI): 549300DEJZCPWA4HKM93.

About FirstGroup

FirstGroup plc (LSE: FGP.L) is a leading provider of transport services in the UK and North America. With £7.1 billion in revenue and around 100,000 employees, we transported 2.2 billion passengers last year. Whether for business, education, health, social or recreation – we get our customers where they want to be, when they want to be there. We create solutions that reduce complexity, making travel smoother and life easier.

We provide easy and convenient mobility, improving quality of life by connecting people and communities.

Each of our five divisions is a leader in its field: In North America, First Student is the largest provider of home-to-school student transportation with a fleet of 42,500 yellow school buses, First Transit is one of the largest providers of outsourced transit management and contracting services, while Greyhound is the only nationwide operator of scheduled intercity coaches. In the UK, First Bus is one of Britain's largest bus companies with 1.6 million passengers a day, and First Rail is one of the country's largest and most experienced rail operators, carrying 345 million passengers last year.

Visit our website at www.firstgroupplc.com and follow us @firstgroupplc on Twitter.

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