Brooks Zug, co-founder of HarbourVest and a Director of HVPE since 2007, has indicated that he intends to stand down from the Board and will not offer himself for re-election at the Company's Annual General Meeting ("AGM") on 25 July 2019. HarbourVest Partners, LLC (HarbourVest") has given notice that it intends to put forward Carolina Espinal, Managing Director in its Primary team, for election at the AGM as Zug's successor. Carolina joined HarbourVest in 2004 and is a member of its Primary Investment Committee which makes decisions on new commitments to primary funds worldwide. She previously worked for Merrill Lynch and holds a Masters in Finance degree from the London Business School. Keith Corbin, after more than 11 years on the Board of HVPE as Senior Independent Director and as chairman of the Audit and Risk Committee, has also informed the Company that he will not be offering himself for re-election at the AGM in July. Keith has been succeeded as Senior Independent Director by Alan Hodson (effective 16 May 2019), who has been a Director since April 2013. Steve Wilderspin replaced Keith as chairman of the Audit and Risk Committee from 31 July 2018.