The Chairman of Permanent TSB Group Holdings plc, Mr. Robert Elliott, has advised the Board that he will step down from the Board when his six year term as Chairman ends in March of next year (2023). Mr. Elliott has confirmed his decision to the Board now in order to allow sufficient time to identify and appoint a successor which, based on recent industry experience, may take up to 12 months to complete. The Board has now commenced a process to identify and select a new Chairperson with support from the executive search firm Odgers Berndtson and will make a further announcement in due course.