McGrath Limited refers to its announcement on January 22, 2018 in relation to significant changes to its board and executive team and the intention of McGrath Chair, Cass O'Connor and current Non-Executive Directors Elizabeth Crouch and Cath Rogers to resign as directors of MEA (Outgoing Directors) following an orderly transition period and release of the company's interim results in February 2018. The Outgoing Directors note that they understand from John McGrath that he is well progressed in discussions with new proposed directors and have accordingly given written notice that their resignations will take effect from close of business February 19, 2018 following release of the Company's interim results expected to be announced on 15 February 2018.