Conduit Capital Limited notified its shareholders that with effect from 1 July 2023: Mr. M Lubega, an independent non-executive director, has been appointed as the Lead Independent Director. Mr. M Lubega's appointment, which is in compliance with King IV and paragraph 3.84(b) of the Listings Requirements, is due to the current Chairman of the Board, Mr. L Chou, being a non-independent non- executive director; Mr. C Solberg has been appointed as the Chairman of the Audit and Risk Committee and a member of the Investment Committee; and Mr. G Hacking has been appointed as the Chairman of the Social and Ethics Committee and a member of the Remuneration and Nomination Committee. Accordingly, the Board committees will be comprised as follows: Audit and Risk Committee - C Solberg (Chairman) - M Lubega - L Chou Social and Ethics Committee - G Hacking (Chairman) - M Lubega - P Todd Investment Committee - L Chou (Chairman) - M Lubega - P Todd - C Solberg Remuneration and Nomination Committee - M Lubega (Chairman) - G Hacking - L Chou.