Wharf Real Estate Investment Company Limited announces that Mr. Andrew James Seaton, an Independent Non-executive Director and also a member of the Remuneration Committee of the Company, has retired from the board of Directors of the Company (the "Board") at the conclusion of the Annual General Meeting of the Company held on May 7, 2020. Mr. Seaton has confirmed that he has no disagreement with the Board and there is no matter that needs to be brought to the attention of the shareholders of the Company in respect of his retirement. To succeed Mr. Seaton, Mr. Richard Gareth Williams, an INED and also a member of the Audit Committee of the Company, has been appointed as a member of the Remuneration Committee of the Company.