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RNS Number : 6506E

Peabody Capital PLC

03 July 2023

Peabody statement following the passing of Lord Kerslake on Saturday 1 July 2023

Ian McDermott, Peabody chief executive said:

"This is incredibly sad news, and all our thoughts are with Bob's family at this difficult time. Those who knew him were truly inspired by his exceptional talent, strong work ethic, and above all, his humanity and kindness. He was a remarkable individual, and I feel privileged to have had the opportunity to know him over the past two years. His absence will be deeply felt within Peabody and across the UK. We will do everything we can to honour Bob's memory and to support our colleagues and friends in the weeks and months to come."

Lord Kerslake's term as Chair of Peabody was due to end in 2024. Supported by a strong and experienced Board and Executive Team, Vice-Chair Ravi Rajagopal will be Acting Chair of Peabody in the short-term. The recruitment process to appoint a permanent successor was already underway having been agreed with Lord Kerslake earlier in the year and will now be expedited.

Ends

Contact: Ben Blades, Assistant Director Corporate Affairs

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