Cash Converters International Limited announces that Mr. Stuart Grimshaw has stepped down as Non-Executive Director and Chairman with effect from 28 August 2020. Mr. Grimshaw was appointed to the Board as a nominee of majority shareholder EZCORP Inc. in November 2014, pursuant to the Subscription Agreement dated 17 August 2009. Further information about the Subscription Agreement. Cash Converters also announces the appointment of Mr. Jason Kulas as Non-Executive Director and Chairman effective from 28 August 2020. Mr. Kulas will replace Mr. Grimshaw as an EZCORP nominee director. Mr. Kulas has over 25 years' experience across banking and financial sectors. Mr. Kulas joined EZCORP as President and Chief Financial Officer in February 2020 and was appointed Chief Executive Officer in July 2020. He has held a variety of other executive-level finance and operations positions, most recently with Santander Consumer USA Inc. where he served in a series of roles including Chief Executive Officer, President, Chief Financial Officer and a member of the Board from 2007 to 2017.