Collins Foods Limited announced the interim changes to its Board and management team. Mr. O'Malley has requested, and been granted effective immediately, a leave of absence for a period of at least three months to allow him to focus on a serious health issue affecting a member of his immediate family. The Collins Foods Board, management and entire team extend their support to Mr. O'Malley and his family during this very difficult time for them.

While Mr. O'Malley is on leave, current Non-Executive Director (and former Collins Foods' CEO), Kevin Perkins, has been appointed Interim CEO, effective immediately. Commencement date: 5 February 2024. Mr. Perkins has more than 40 years' experience with Collins Foods and has been a Non-Executive Director of the Company since he retired as CEO in 2014.

He is currently Collins Foods' largest shareholder, holding 7,241,484 shares, or approximately 6.16% of the Company's issued capital. Mr. Perkins' appointment is on substantially the same commercial terms as those of Mr. O'Malley (with the exception that Mr. Perkins will not be entitled to any incentives) and the term of his appointment will be limited to six months, unless terminated sooner by either party or extended by agreement.