As part of progressing its Board renewal processes, Insignia Financial Ltd. announced the appointment of Ms. Gai McGrath to its Board as an Independent Non-Executive Director, effective 4 March 2024. Ms. McGrath is an experienced Non-Executive Director with over three decades of experience in the financial services and legal industries in Australia, New Zealand and the UK. She currently sits on a number of boards in both the listed and non-listed spaces. Ms. McGrath previously held a series of executive roles within the Westpac Banking Group which centred around retail banking and wealth management. She began her career as a lawyer in private practice and, prior to her time at Westpac, worked at Perpetual Limited as General Counsel and Company Secretary. Gai will be a natural successor to Elizabeth Flynn as Chair of the Group Risk and Compliance Committee. Elizabeth will be stepping down from the IFL Board in 2024, having joined the Board in 2015. Shareholders will be asked to consider Ms. McGrath's appointment at the 2024 Annual
General Meeting.