Andrew Lindley will step down from his role as Chief Executive Officer and therefore will not stand for re-election as a Director at the AGM today.

Andrew will continue to support the Group in concluding various current initiatives in the coming months. The withdrawal of the Resolution does not affect the validity of any proxy votes already submitted in respect of the remaining resolutions to be proposed at the AGM. The numbering of all other proposed resolutions at the AGM remains unchanged.

The Board would like to thank Andrew for his professionalism and services to the Company during his tenure as the CEO.

Richard McGuire, current Non-Executive Chairman, has been appointed Executive Chairman, effective immediately. Mr McGuire shall receive no fixed compensation for the role, however it is anticipated he will participate in a performance only incentive, directly linked to significant Group value creation.