Australian Foundation Investment Company Limited announced that Ms Jacqueline Hey has advised the Board that she intends to retire effective January 18, 2019. She has been a Director of the Company since July 2013. She has been a member of the Company's Investment Committee and Nomination Committee. She has been a valuable contributor to Board and executive discussions reflecting her deep knowledge and experience gained in her long career in the telecommunications technology sector and the wide range of subsequent industries she has been exposed to.