Seven Group Holdings announces that Mr. Terry Davis will be appointed Chairman on completion of the company's 2021 Annual General Meeting in November, following the retirement of current Executive Chairman, Mr. Kerry Stokes AC from the board at the conclusion of that meeting. Mr. Davis has served on the SGH Board since 2010 and has participated in an orderly and planned succession process. His appointment comes with the strong endorsement of SGH's largest shareholder, Australian Capital Equity, and all of his fellow directors. At the request of the SGH Board, Mr. Stokes has agreed to continue in an advisory capacity with the SGH Board and Management Team. An advisory/consulting agreement will be put in place, consistent with the terms appended. Mr. Stokes has been Executive Chairman of SGH since the company's formation in April 2010. Prior to that, he was the Chairman of Seven Network Limited. Mr. Stokes will remain the Chairman of Seven West Media and Australian Capital Equity Group.