Ibstock : Board Changes

14 February 2018

Ibstock plc

Board Changes

Ibstock plc ('Ibstock' or the 'Company')announces that Jamie Pike (Chairman) has today informed the Company that hewill be appointed as Chairman of Spirax-Sarco Engineering plc ('Spirax-Sarco') following that company's AGM on 15 May 2018. Jamie is currently the Senior Independent Director at Spirax-Sarco, having been appointed to their Board as a Non-Executive Director in May 2014.

As a consequence of his appointment at Spirax-Sarco, Jamie will step down as Chairman and a Director of Ibstock immediately after conclusion of the Company's AGM on 24 May 2018.

Ibstock is pleased to announce that, as part of its long-term succession planning arrangements, the following changes will come into effect on 24 May 2018 immediately after conclusion of the AGM:

Jonathan Nicholls (currently Senior Independent Director and Chair of the Audit Committee) will be appointed Chairman of the Board.

Tracey Graham will be appointed as the Senior Independent Director, in addition to her current role as Chair of the Remuneration Committee.

Justin Read will be appointed Chair of the Audit Committee.

Jonathan's proposed appointment as Chairman followed a rigorous and detailed process conducted by the Non-Executive Directors and assisted by The Zygos Partnership ('Zygos'). Zygos is one of Europe's leading board advisory firms and specialises in the appointment of chief executives, chairmen, chief financial officers and non-executive directors for listed companies.

The Board is in the process of reviewing its composition and will update the market with any developments.

Commenting on Jamie's decision to step down from the Board, Jonathan Nicholls, Chairman elect, said:

'On behalf of the Board and our shareholders I should like to acknowledge with thanks Jamie's significant contribution to the Group. He was the Company's Chairman at the time of the IPO and has provided sound leadership, wise counsel and strong support to the Board of the newly listed company. We wish him every success with his new appointment.'

Commenting on his decision to step down from the Board, Jamie Pike said:

'It has been a pleasure to be Ibstock's Chairman and I am proud of what the Company has achieved since it listed in October 2015.

'Jonathan's familiarity with the building products sector, his knowledge of Ibstock and his experience as a chairman and seasoned NED will be of immense benefit to the Board going forward.'

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Notes to Editors:

Ibstock plc is a leading manufacturer of clay bricks with a diversified range of clay and concrete products, and operations in the United Kingdom and the United States. Its principal products are clay bricks, brick components, concrete roof tiles, concrete substitutes for stone masonry, concrete fencing and general concrete building products.