On March 4, 2019, Medigus Ltd. or the Company announced that Mr. Oded Yatzkan, Chief Financial Officer of the Company will step down from his position, effective March 21, 2019. The Board has elected Ms. Tanya Yosef to replace Mr. Yatzkan effective March 22, 2019. During the interim period, Mr. Yatzkan will continue to perform his responsibilities and will endeavor to enable a seamless transition.

Ms. Yosef is a certified public accountant with many years of experience, who has served as the Company's controller since December 2009. During 2008-2009 Ms. Yosef worked in the audit department at Kesselman & Kesselman, a member firm of PricewaterhouseCoopers International Limited as well as at KPMG from 2006-2007. In addition, on March 4, 2019 the Company announced that Menashe Sonnenschein, the Company's VP Israel Operations will step down, effective March 31, 2019.

Mr. Sonnenschein expressed no disagreements with the Company or the Board and will continue to perform his responsibilities in the interim period.