Independent Director, Ms. Ariane Barker will retire as a Director of Atlas Arteria Limited (ATLAX) with effect from 31 December 2022. From 1 January 2023 Mr. John Wigglesworth will join the ATLAX Board as an Independent Director and will be appointed as the Chair of the Audit and Risk Committee. Mr. Wigglesworth is a Chartered Accountant with 37 years professional experience, including nearly 25 years as a Partner at KPMG both in Australia and internationally.

During this time, he held a number of leadership positions including as a member of the Audit Leadership Group in Australia and as the national leader of the Audit Retention & Conversion Function. In these roles he gained broad experience with clients across different industries including transport, data and technology and aviation. Mr. Wigglesworth has also held several Board positions in the not-for-profit sector, including as a Member of the Macquarie University Council and Audit & Risk Committee.

As required by the ATLAX Constitution, Mr. Wigglesworth will stand for election at the 2023 AGM. ATLAX- Appointment of IFM Representative as Board Observer and proposed appointment as Non-Independent Director at 2023 AGM Following discussions with ALX's large securityholder, IFM Global Infrastructure Fund (IFM), it is intended that Mr. Ken Daley will be nominated by the Board to stand for appointment as a Director of ATLAX at the 2023 AGM in May. It is also proposed that Mr. Daley will be a Board observer from 1 January 2023 up until the 2023 AGM.

Mr. Daley is not able to be appointed to the ATLAX Board prior to the 2023 AGM, because of the limit on the number of Directors in ATLAX's Constitution (which, as discussed below, is intended to be increased at the 2023 AGM). Mr. Daley is a globally recognised infrastructure leader with several decades of operational and board-level toll road experience. Mr. Daley's previous executive experience in toll roads has included being the CEO of Aleatica, the CEO of Indiana Toll Road, and President International Development at Transurban.

Mr. Daley is also a former director of the International Bridge, Tunnel and Turnpike Association (IBTTA). Mr. Daley is currently a special adviser to IFM, and a director on IFM investee companies, including Indiana Toll Road, Aleatica and M6 Toll. At Aleatica, Mr. Daley is the Chair of the Board.

Given that Mr. Daley is an adviser to IFM, and the fact that IFM is a substantial securityholder in ALX, Mr. Daley would not be considered an Independent Director under ASX Corporate Governance Principles.