Equites Property Fund Limited advised that Ruth Benjamin-Swales has indicated that she will retire from the Equites board and from her role as chairperson of the Audit Committee with effect from the Company's annual general meeting to be held on 17 August 2023. Ruth has served on the Equites board for over eight years and her decision to retire is aligned to Equites' policy of limiting the tenure of long-serving directors in line with the recommendations of King IV. Shareholders and noteholders are further advised that, with effect from 9 May 2023, Keabetswe Ntuli and Fulvio Tonelli, both independent non-executive directors, have been appointed as members of the Nomination Committee of the Company.