IInvestec Property Fund Limited advised that Darryl Mayers will step down as Joint Chief Executive Officer (CEO) of the Fund, effective 30 November 2022. Darryl has made a significant contribution to both the Fund, since his appointment in 2018, as well as in his various leadership roles within Investec Property over the preceding 10 years. The Manager and the Board thank Darryl for his dedication and contribution to delivering on the strategic objectives of the Fund, as well as the time and effort spent imparting his knowledge and skills to all his colleagues.

Darryl's focus will turn to the pursuit of other business opportunities. He will, however, remain involved with the Fund in an advisory capacity with a specific focus on developments, retailer engagement and acquisition activity. Darryl will also remain an important sounding board to the Fund team.

The Board is pleased that Darryl's wealth of real estate expertise will continue to be available to the Fund in his new advisory role. With effect from 01 December 2022, Andrew Wooler will continue as sole CEO of the Fund. He has been involved with the Fund since 2012, and prior to his appointment as Joint CEO in 2018, he was the Chief Financial Officer of the Fund for three years.