At the time of Radius Residential Care Limited's NZX listing in December 2020, Knox Investment Partners, a private equity firm associated with Bret Jackson, held 15.2% of the company's issued shares through Knox Fund IV NZD LP and Knox Fund IV AUD LP (the "Knox Funds"). Following an in- specie distribution in December 2021 the Knox Funds no longer hold any Radius Care shares and Knox Investment Partners no longer has a relevant interest in any Radius Care shares. Given the Knox Funds ceased to be a Substantial Product Holder of Radius Care in December 2021, and having regard to the definition of "Independent Director" in the NZX Listing Rules, and factors that may impact director independence in the NZX Corporate Governance Code, the Board has determined that Bret Jackson is an Independent Director.