CHESNARA plc

("Chesnara" or "the Company")

17 January 2022

LEI Number: 213800VFRMBRTSZ3SJ06

CHESNARA PLC CHANGE OF DIRECTORSHIP

NED RETIREMENT - VERONICA OAK

Chesnara plc today announces that Veronica Oak, Non-Executive Director and Chairman of the Remuneration Committee is retiring today having completed nine years as a non-executive director.

Luke Savage, Chairman said:

"My fellow Directors and I sincerely thank Veronica for her dedication and contribution to the Company over the many years since her appointment to the Board in January 2013, since which time the group has expanded significantly and delivered strong performance.  We wish her a long, enjoyable and happy retirement".

There is no further information which would require disclosure under 9.6.11R(2) of the Listing Rules.  The Company will make further announcements in due course with regard the appointment of new Non-Executive Directors to its Board.

For further information, please contact:

Roddy Watt

Director, Capital Markets

FWD

Forward thinking communications

T   -    020 7280 0651  

E   -    roddy.watt@fwdconsulting.co.uk 

Notes to Editors

Chesnara is a life and pensions company listed on the London Stock Exchange.  It administers approximately 900,000 policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.

Following a three-pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in Sweden and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.

Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 17 years in succession.

Further details are available on the Company's website (www.chesnara.co.uk).