Chair of the Commonwealth Bank of Australia, Mr. Paul O'Malley, announced the appointment of Ms Lyn Cobley to Board of Directors as an Independent Non-Executive Director with effect from 1 October 2022. Ms Cobley brings to the Board over 30 years' experience in financial services. Ms Cobley is also the former Chief Executive Officer of Westpac Banking Corporation's (Westpac) Institutional business, Chair of Westpac's Asia Advisory Board, as well as Group Treasurer of CBA.

CBA also wishes to advise that Mr. Shirish Apte, Independent Non-Executive Director of the CBA Board, has decided not to offer himself for re-election at the 2022 Annual General Meeting. Mr. Apte joined the Board in June 2014 and has been a member of the Board Audit Committee and Board Risk & Compliance Committee, and is a former Chair of the Board Risk & Compliance Committee. Mr. Apte will retire from the Board at the conclusion of the 2022 AGM.