Update on the recruitment of the new Chairman

The Board of De La Rue would like to provide an update on the process to appoint a new Chairman, following the departure of Kevin Loosemore on 1 May 2023.

The Nomination Committee has been running a fast-track process, supported by a search firm. Interviews have taken place with a range of candidates who have come forward with the support of shareholders and partners, as well as from search activities. We are not yet at the stage of making a final appointment but are progressing candidates through the final stage of our process. These candidates have strong backgrounds in relevant situations.

We will provide a further update when an appointment is made. In the short period until appointment of a new Chairman, the Board has appointed Nick Bray as ‘Interim Chairman’.