Growthpoint Properties Australia announced that Ms. Michelle Tierney and Mr. Panico Theocharides, a representative of Growthpoint Properties Limited, will join Growthpoint's Board, effective 1 April 2023. Ms. Tierney joins the Board as an independent non-executive director and brings over 20 years of broad experience in the property and funds management industry, including most recently as Chief Operating Officer for Region Group. She has also held senior funds management and property roles with National Australia Bank and The GPT Group.

Ms. Tierney is currently a non-executive director of Stride Property Group. Mr. Theocharides joins the Board as a non-executive director and currently serves as Group Head of Investments at Growthpoint Properties Limited, the Group's majority securityholder. He has over 20 years of executive leadership experience focused on listed real estate investment trusts and the investment banking advisory industry in South Africa and currently serves as a non-executive director of Capital & Regional plc.

Mr. Theocharides replaces Mr. Francois Marais who retired from the Board in November 2022. Ms. Tierney and Mr. Theocharides will stand for election at Growthpoint's Annual General Meeting, to be held in November 2023.