The Directors announced that, Mr. Alexander Denny has accepted an invitation to join the Board of Apax Global Alpha Limited as a non-executive Director and a member of its Audit Committee, with effect from 3 July 2024. Mr. Denny has over twenty years' experience in asset management and investment trusts, covering both private and public markets. Mr. Denny spent most of his career at Fidelity International, latterly as Head of Investment Trusts, before he moved to become Managing Director, European Private Wealth at Pantheon.

Mr. Denny is currently Non-Executive Director of the Association of Investment Companies (AIC), as well as a private consultant and Head of the Investment Trust practice at Nurole, thenon-executive search firm. Mr. Denny began his career in 2003, working initially for Fidelity's retail platform business. From 2011 he led the development of Fidelity's brokerage platform, introducing investment companies to it for the first time.

Mr. Denny is a trustee of the Nautical Archaeology Society. Mr. Denny has no other listed company directorships. He(or any person that may be a connected party to Mr. Denny) has no beneficial interest in the shares of the Company at the date of this announcement.