Delta Property Fund Limited announced that the board of directors of the Company ("Board") has accepted the resignation of Mr. Alex Phakathi as a member of the Board, the Chairman of the Asset Liability and Investment Committee and as a member of the Risk and Compliance Committee ("Committees") with effect from 23 February 2024. Mr. Phakathi has assumed an executive role in a state-owned company. In pursuit of good governance, he has opted to resign from the Board as the Company conducts business with Government.

Further announcements regarding appointments to the Board and Board committees will be made in due course.