Astoria Investments Ltd. announced In August 2024, Ms. Catherine McIlraith would have served on the board of Astoria for a period of nine years. In terms of the Companies Act of Mauritius, 2001, she will no longer be considered as independent. As a result, Catherine has tendered her resignation as an independent non-executive director and Chairman of the Company with effect from 9 August 2024.

She has also resigned as Chairman of the Corporate Governance and Remuneration Committee and as a member of the Audit and Risk Committee. The Board has elected Mr. Nicolas Hardy as its Chairman and Ms. Casey Jorgensen as Chairman of the Corporate Governance and Remuneration Committee with effect from 9 August 2024. Casey will remain as the Chairman of the Audit and Risk Committee.

Ms. Carli Botha will be appointed as an independent non-executive director of the Company, with effect from 1 August 2024, which appointment is subject to the approval of the Financial Services Commission. Carli will also be appointed as a member of the Audit and Risk Committee with effect from 1 August 2024. Carli is registered with the South African Institute of Chartered Accountants (SAICA) and Chartered Institute for Management Accountants (CIMA), having also completed an LLM in Commercial Law as well as a Master of Accounting Science in Tax (Cum Laude).

Carli completed her CA(SA) articles at Nedbank and remained in their Corporate and Investment Banking division until 2019. Carli relocated to Mauritius in 2019 and has worked in the global business sector since. Carli is currently an executive director for a large veterinary research solution company, overseeing their Legal and Finance divisions.

Given her qualifications and experience, Carli is well placed to add value to the Board as an independent non- executive director.