Vistry Group PLC announced the appointment of Jeffrey Ubben as a Non-Executive Director of the Company, with effect from 23 March 2023. Jeff is a Founder, Managing Partner and the Portfolio Manager of Inclusive Capital Partners L.P. ("Inclusive Capital"), a San Francisco-based investment firm focused on increasing shareholder value whilst promoting sound environmental, social and governance practices. Inclusive Capital is one of the Company's largest shareholders.

Previously, Jeff co-founded ValueAct Capital Partners, a long-term value investment firm. The Board believes that Jeff will be a valuable addition to the Board. Jeff is a highly experienced board member and investor in both the United States and the UK, having served on over 20 public company boards.

He currently serves as a Non-Executive Director of ExxonMobil and Enviva Inc. He has previously held board positions with several other public and private companies including Fertiglobe plc, Misys plc, Twenty-First Century Fox Inc. and Willis Towers Watson plc. The Company also announces that each of Katherine Innes Ker and Nigel Keen has informed the Board of their intention to step down and resign as an independent Non-Executive Director of the Company. Nigel Keen will step down with effect from 23 March 2023 and Katherine Innes Ker will step down with effect from close of the Annual General Meeting on 18 May 2023.

The Board has commissioned searches for two additional independent Non-Executive Directors of the Company. Ashley Steel, independent Non-Executive Director and Senior Independent Director will succeed Nigel Keen in his capacity as Chair of the Remuneration Committee. Such change is with effect from 23 March 2023.