The Board of Directors of Mpact Limited informed shareholders that Mr. Timothy Dacre Aird Ross will not stand for re-election and will be retiring at the Annual General Meeting ("AGM") of the Company to be held on 6 June 2024, having served on the Board since Mpact listed in 2011. Mr. Ross will simultaneously retire as a non-executive director of Mpact Operations (Pty) Ltd. and accordingly will retire as the Chairman of the Audit and Risk Committee, and a member of both the Audit and Risk Committee and the Remuneration and Nomination Committee of both the Company and of Mpact Operations (Pty) Ltd.