Towergate Insurance announces appointment of Truett Tate as Independent Non-executive Director

1st July 2011

Towergate Insurance (‘Towergate’) has today announced the intended appointment to its Board* of Truett Tate as an independent Non-executive director. It is also intended that Truett will be appointed to the board of CCV, subject to FSA approval. Truett is currently Group Executive Director Wholesale at Lloyds Banking Group plc.

Truett is also a Non-executive Director of BritishAmerican Business Inc. and AFME. He is Chairman of Arora Holdings, a Director of Business in the Community and a Director and Trustee of In Kind Direct.

Commenting on this appointment, Alastair Lyons, Non-executive Chairman of Towergate, said:

“The appointment of Truett Tate brings to Towergate a wealth of experience and we look forward to having the benefit of his wise counsel as we give effect to our plans for strong and sustained growth.”

Peter Cullum, Non-executive Deputy Chairman said:

“We are delighted that Truett’s knowledge and expertise will now be available to the Towergate family. His appointment is another step along the exciting road we have mapped out for the business.”

Truett Tate also commented:

“I have watched the extraordinary progress of Towergate over the years and have greatly admired the way in which the business has grown through transformational acquisitions and continued to flourish despite varying economic climates. I am very much looking forward to making my contribution to Towergate’s continued successful development”

Media Contacts

Kelly-Ann Knight

Group Head of External Communications

Towergate

Mobile: 07717 866190

Email: kelly-ann.knight@towergate.co.uk

Simone Spinks

Group Communications Manager

Towergate

Mobile: 07872 821666

Email: simone.spinks@towergate.co.uk