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Derwent London plc (“Derwent London”) announces that the Directors have recommended the appointment of PricewaterhouseCoopers LLP (“PwC”) as auditor for the 2014 financial year. As indicated in the 2012 Report and Accounts, the audit was put out to tender in line with best practice. PwC’s appointment is subject to shareholder approval at the 2014 Annual General Meeting to be held in May.

Stephen Young, Chairman of the Audit Committee at Derwent London, commented:

“We are grateful to BDO for their contribution as Derwent London’s auditor and, prior to that, Derwent Valley’s auditor over many years. We look forward to working with PwC.”