Change Financial Limited announced the following changes to its Board of Directors. Retirement of Mr. Ben Harrison and Appointment of new Chairman. Following four years of service as Non-Executive Director and Chairman, Mr. Ben Harrison will be retiring from the Board at the Annual General Meeting (AGM) to be held on 24 November 2022.

Mr. Eddie Grobler will take over the Chairman role at the completion of the AGM. Eddie joined the Board in November 2021 and has more than 34 years' experience in the payments industry. He spent 14 years working for a South African bank before joining Mastercard in 1999 as Senior Vice President for Mastercard Africa.

In 2008 he was appointed as Executive Vice President for Mastercard Australasia and in 2017 he took up the role of Executive Vice President: Real Time Payments, based in the United Kingdom. The Directors believe that Eddie's experience and skills make him ideally suited for the Chairman role. Mr. Tom Russell was appointed as an alternate Director to Mr. Harrison in November 2021.

Tom has made a substantial contribution to the Company in an executive capacity prior to his appointment as Director and has continued to add significant value to Change. The Directors wish to retain Mr. Russell as Director and are recommending his appointment to shareholders at the AGM. In addition, following Ben's decision to retire, the Board is currently considering potential candidates that add complementary skills and experience as well as building further independence in its composition.