Best & Less Group Holdings Ltd. announced that current BLG Non-Executive Chair and former Managing Director of the Company, Jason Murray, has been appointed Executive Chair with immediate effect, taking on the responsibilities of the CEO. Jason Murray is an experienced retail industry leader, having previously led Best & Less Group as Managing Director from 2012-2018 and again from 2019-2021. Earlier, he served as CEO and Managing Director of Just Group for more than four years, following a 10-year career as a management consultant with McKinsey & Company.

Commencement 29 September 2022 in a full-time capacity. It is intended that Jason Murray will return to his role of Non-executive Chair when the Chief Executive Officer returns from medical leave. Roles and responsibilities: Jason Murray is to assume the day-to-day executive responsibilities of the Company in his role as Executive Chair.

Cessation of Executive Chair role: Either party may terminate the arrangement at any time on one month's notice, including when the Chief Executive Officer returns from medical leave.