REG - Derwent London PLC - Directorate change

Derwent LondonAnnouncement

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RNS Number : 8440H  Derwent London PLC  11 June 2026

   11 June 2026

 Derwent London plc ("Derwent London" / "the Group")

 Appointment of Jonathan Murphy as Chief Executive

Derwent London is pleased to announce the appointment of Jonathan Murphy as
Chief Executive and an Executive Director of the Board, with effect from 1
September 2026.

Jonathan is an experienced Chief Executive with a track record of strong
leadership and shareholder value creation, which is highly complementary to
the skills and deep knowledge of our existing Executive team. He brings
extensive listed real estate and capital markets experience, and significant
operational focus. He was most recently Chief Executive Officer of Assura plc,
the FTSE 250 healthcare property REIT, between February 2017 and September
2025 having previously been Finance Director since January 2013. During his
tenure, Assura delivered significant growth and strategic diversification of
the portfolio and capital structure before its acquisition by Primary Health
Properties in 2025. Jonathan has been a director of the British Property
Federation since 2019 and served on the Advisory Board of EPRA between 2018
and 2025.

Jonathan succeeds Paul Williams who announced in January 2026 his intention to
retire as Chief Executive. Paul will remain as Chief Executive until 1
September 2026, at which point he will step down from the Board before leaving
the business on 22 January 2027, supporting an orderly transition.

The appointment follows a thorough recruitment process led by the Board and
supported by an independent executive search firm.

Mark Breuer, Chairman of Derwent London, said:

"We are delighted to appoint Jonathan as Derwent London's next Chief
Executive. He brings a strong combination of listed real estate leadership,
operational discipline and capital markets expertise, with a proven track
record of responsible value creation. Alongside our talented Executive team,
he will provide strong leadership as we continue to recycle capital through
disposals and position the business to deliver earnings growth and long-term
returns for shareholders."

Jonathan Murphy said:

"I am excited to be joining Derwent London as Chief Executive. The Group has a
distinctive culture and brand, impressive property expertise, and a
well-positioned portfolio which presents many opportunities to drive returns.
I look forward to working with the Board and the wider team to build on these
strengths and further optimise the business at this important time for the
Group."

Other matters

Jonathan's remuneration arrangements have been set in accordance with the
Directors' Remuneration Policy approved by shareholders at the AGM on 15 May
2026.  He will receive an annual salary of £650,000, a pension allowance of
15% of salary in line with the contribution available to the majority of the
wider workforce, and will participate in the Group's annual bonus and
long-term incentive plan. Full details will be disclosed in the 2026
Directors' Remuneration Report.

This announcement has been made pursuant to UK Listing Rule 6.4.6R and 6.4.7R.
There is no further information relating to Jonathan Murphy which is to be
disclosed under Listing Rule 6.4.8R.

For further information, please contact:

 Derwent London             Mark Breuer, Chairman

 Tel: +44 (0)20 3478 4217   David Lawler, Company Secretary

                            Robert Duncan, Head of Investor Relations
 Brunswick Group            Simon Sporborg

 Tel: +44 (0)20 7404 5959   Nina Coad

Notes to editors

Derwent London plc

Derwent London plc owns a commercial real estate portfolio predominantly in
central London valued at £5.1 billion as at 31 December 2025, making it the
largest London office-focused real estate investment trust (REIT).

Our experienced team has a long track record of creating value throughout the
property cycle by regenerating our buildings via redevelopment or
refurbishment, effective asset management and capital recycling. We typically
acquire central London properties off-market with low capital values and
modest rents in improving locations, most of which are either in the West End
or City Borders. We capitalise on the unique qualities of each of our
properties - taking a fresh approach to the regeneration of every building
with a focus on anticipating tenant requirements and an emphasis on design.
Reflecting and supporting our long-term success, the business has a strong
balance sheet with modest leverage, a robust income stream and flexible
financing.

We are frequently recognised in industry awards for the quality, design and
innovation of our projects. Landmark buildings in our 5.3 million sq ft
portfolio include 25 Baker Street W1, 1 Soho Place W1, 80 Charlotte Street W1,
Brunel Building W2, White Collar Factory EC1, Angel Building EC1 and Tea
Building E1.

As part of our commitment to lead the industry in mitigating climate change,
Derwent London has committed to becoming a net zero carbon business by 2030,
with its updated pathway published in 2025. Our science-based carbon targets
have been validated by the Science Based Targets initiative (SBTi). In 2013,
we launched a voluntary Community Fund which to date has supported 200
community projects in central London.

The Company is a public limited company, which is listed on the London Stock
Exchange and incorporated and domiciled in the UK. The address of its
registered office is 25 Savile Row, London, W1S 2ER.

For further information see www.derwentlondon.com
(http://www.derwentlondon.com) or follow us on LinkedIn.

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