Grant Harris has indicated to the board of directors of Indluplace Properties Limited (the "Board") of his decision to emigrate. Grant will accordingly resign as an executive director and Indluplace's chief operating officer before the end of 2022. Grant will remain with Indluplace to finalise certain key projects that are underway and to facilitate a smooth transition of his role once a suitable replacement has been appointed.

The Company has commenced the process to appoint a suitable replacement and an announcement in this respect will be made in due course. Shareholders are further advised that Nindi Tetyana, an independent non-executive director of Indluplace, has been appointed as a member of the Remuneration and Nomination Committee. Nindi has been a Board member since 2019 and also serves on the Audit and Risk Committee.