Nu-World Holdings Limited at its AGM to be held on February 17, 2023 announced that Desmond Piaray and Richard Kinross, who were due for retirement by rotation at the AGM, have given notice that they will not be making themselves available for re-election at the AGM and will accordingly retire from the board of directors of Nu-World with effect from 7 February 2024. Desmond and Richard have served as directors of Nu-World for 21 and 14 years respectively. The board thanks Desmond and Richard for their invaluable contributions to the Company during their tenure and wish them well in their future endeavours.

Shareholders are further advised that Michael Goldberg has notified the Company of his intention to step down as an executive director of the Company with effect from 7 February 2024. Michael will continue to serve as a non-executive director and chairman of the board. Michael will be appointed as a member of the Audit Committee at the AGM.