The board of directors of Grand Parade Investments Limited advised that Mr. Alexander Abercrombie ("Alex") has resigned as a non-executive director and the chairperson of the Board with effect from 7 April 2023. As a consequence of his resignation, Alex has also resigned as member of the remuneration and nomination committee and as member and chairman of the social and ethics committee. Alex has a long and illustrious history with the Company, having initially been appointed as an executive director in 1997 and as a non-executive director in 2015 .

Alex was appointed as chairman of the Board in 2020 and has lead the Group through its value unlock program that has created significant value for all GPI shareholders. In terms of the Committee Reconstitution, with effect from 11 April 2023, the Committees of the Board shall be comprised as follows: Audit and Risk Committee:- Prof. Walter Geach (Chairman; incumbent member); Ms. Kaamilah Finch (newly appointed member); and Ms. Rozanna Kader (newly appointed member). Remuneration and Nomination Committee:- Ms. Kaamilah Finch (Chairperson; newly appointed member); Ms Rozanna Kader (incumbent member); and Prof. Walter Geach (newly appointed member).

Social and Ethics Committee:- Mr. Mohsin Tajbhai (Chairman; incumbent member); Ms. Rozanna Kader (incumbent member); and Mr. Gregory Bortz (newly appointed member).