Hotel Property Investments Limited announces that Ms. Giselle Collins has been unanimously appointed to the position of Chairman by the HPI Board, effective immediately. Collins joined the HPI Board as a non-Executive Director in April 2017 and has been the Chairman of HPI's Audit and Risk Committee since November 2020. Collins is a company Director with significant Executive and non-Executive experience in property, tourism and financial services and was previously Chairman of Aon Superannuation Pty Ltd. (as Trustee for Aon Master Trust), The Travelodge Hotel Group and the Heart Research Institute.

Collins is the non-Executive Chairman of AMP's Responsible Entity for its listed managed schemes (Ipac Asset Management Limited). Collins also has considerable listed board experience and is currently a non-Executive Director of Cooper Energy Limited (ASX: COE), Generation Development Group Ltd. and Peak Rare Earths Limited. Collins will step down as Chairman of the Audit and Risk Committee immediately and Mr. Lachlan Edwards, who has been a member of the Audit and Risk Committee, will assume that role.

Mr. Edwards has also joined HPI's Responsible Entity Compliance Committee as Chairman and will remain Chairman of HPI's Human Resources and Nominations Committee. Mr. Edwards has been a member of HPI's Board since November 2013 and has significant corporate history of the Company. The Company will commence a search for an additional non-Executive Director for the HPI Board in due course.

The Board and Committee changes are due to the sad passing of our Chairman, Mr. Ray Gunston, on 5 July 2022.