Land Securities Group PLC

Board/Management Information • Dec 11, 2018

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RNS Number : 0319K

Land Securities Group PLC

11 December 2018

Land Securities Group PLC ("Landsec")

Landsec notice of directorate change - Retirement of Director

In accordance with Listing Rule 9.6.11, Landsec announces that Simon Palley, Non-executive Director, Chairman of the Remuneration Committee and member of the Nomination Committee, intends to retire from the Landsec Board on 31 March 2019.  Mr Palley was appointed as a Director in August 2010 and will be retiring in accordance with the tenure provisions of the UK Corporate Governance Code.

Mr Palley will step down as Chairman of the Remuneration Committee with effect from 1 January 2019 and Edward Bonham Carter, an existing member of the Remuneration Committee, will become Chair.

Cressida Hogg, Chairman, said: "I would like to thank Simon for his significant contribution as a Director and as Chairman of the Remuneration Committee.  The Board has benefitted from his extensive insight and understanding of portfolio management and financial metrics and guidance on remuneration issues."

Ends

Tim Ashby

Group General Counsel & Company Secretary

Tel: +44(0) 20 7024 5256

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