BNK Banking Corporation Limited confirms the following Board changes effective from today. The changes were foreshadowed at the Company's AGM held on 29 November 2023. As announced at the AGM, Don Koch, BNK's long-serving Chairman who recently announced his retirement from the BNK Board, formally steps down effective today.

Following receipt of regulatory approval to the appointment, Warren McLeland commences 11 December 2023, as a Non-independent, Non-Executive Director. Mr. McLeland is the nominee of Somers Limited, a major investor in the Company. Mr. McLeland is a former stockbroker and investment banker with over 35 years of experience in domestic and international financial services.

He acts as an adviser in funds management and business strategy to companies operating in the Asia Pacific region. Mr. McLeland is the current Non- Executive Chairman of Resimac Group Limited and was formerly the Executive Chairman of Resimac Limited.