Collins Foods Limited announced the following changes to the Company's Board effective at the conclusion of 1 September 2023 Annual General Meeting (AGM). Russell Tate to retire as an independent Non-executive Director; Nicki Anderson to replace Mr. Tate as Chair of the People, Culture and Nominations Committee; Nigel Clark appointed to the Board as an independent Non-executive Director. Mr. Tate, who has served on the Company's Board since the listing of Collins Foods (including as Chair from listing through to March 2015), will retire by rotation and will not seek re-election at today's AGM.

The role of Chair of the Remuneration and Nomination Committee will transition to Nicki Anderson. Ms. Anderson was appointed an independent Non-executive Director and member of the Audit and Risk Committee and Remuneration and Nomination Committee of the Company in January 2023. She brings extensive hands on leadership experience in strategy, sales, marketing, customer experience and innovation within the food, beverage, consumer goods and agribusiness sectors.

Additionally, Ms. Anderson has previously and currently serves as Chair of remuneration and nomination committees for listed and unlisted organisations. The company has appointed Nigel Clark as an independent Non-executive Director. A qualified lawyer in both Australia and the UK, Mr. Clark has spent more than 20 years advising on cross border finance, restructuring and mergers and acquisitions.

He started his career as a solicitor in the City of London and was an associate and partner with Minter Ellison in Sydney, London, Beijing and Hong Kong. More recently, Mr. Clark has built and led new professional services businesses. He co-founded managed Peregrine Law in the UK, which was acquired by Nexa in January 2020, where he remains as CEO.

As a result of the above changes, the Remuneration and Nomination Committee will be renamed the People, Culture and Nominations Committee. The composition of the Company's Audit and Risk Committee and People, Culture and Nominations Committee will also be adjusted and is outlined below. Effective at the completion of the AGM on 1 September 2023: Board: Independent Chair: Robert Kaye SC; Members: Drew O'Malley, Nicki Anderson, Nigel Clark, Mark Hawthorne, Christine Holman, Kevin Perkins.

Audit and Risk Committee: Independent Chair: Christine Holman; Members: Nigel Clark, Mark Hawthorne, Robert Kaye SC. Remuneration and Nomination Committee: Independent Chair: Nicki Anderson; Members: Mark Hawthorne, Robert Kaye SC, Kevin Perkins.