On January 4, 2023, Mrs. Lone Fønss Schrøder, notified Swvl Holdings Corp. (“Swvl”) of her resignation from her position as a member of the board of directors (the “Board”) and as an independent member of the audit committee of Swvl. Mrs. Fønss Schrøder's resignation was not related to any disagreement with Swvl on any matter relating to Swvl's operations, policies or practices.