Kite Realty Group Trust announced On March 20, 2023, William E. Bindley, who has served as lead independent trustee since the Company's initial public offering in 2004, notified the Company that he does not intend to stand for re-election at the 2024 annual meeting of shareholders. Assuming he is re-elected at this year's annual meeting, Mr. Bindley would retire from the Company's Board of Trustees as of the commencement of the 2024 annual meeting. On March 19, 2023, Gerald M. Gorski, who has served as an independent trustee of the Company since the Company's merger with Retail Properties of America Inc. (“RPAI”) in October 2021, notified the Company that he does not intend to stand for re-election at the 2024 annual meeting.

Assuming he is re-elected at this year's annual meeting, Mr. Gorski would retire from the Board as of the commencement of the 2024 annual meeting.