DGL GROUP LIMITED — Board/Management Information 2023

Aug 27, 2023

ASX RELEASE

28 August 2023

Board Appointments & Resignations

DGL Group Limited (ASX:DGL), wishes to advise the following pending changes to the composition of the Board.

As part of an orderly succession plan of the DGL Group Board, Ms Denise Brotherton and Mr Robert McKinnon have tendered their resignations as Non-Executive Directors effective from 31 August 2023.

The Company is pleased to announce the appointment of Mr Tim Hosking and Mr John West as Non-Executive Directors, effective 31 August 2023.

Both Denise & Bob were appointed Directors in April 2021 prior to the Company’s admission to quotation on the ASX and proceeded to guide the Company through its first two years as an ASX listed entity. Denise also served as Chair of the Audit & Risk Management Committee and Bob served as Chair of the Remuneration & Nomination Committee.

The Board wishes to acknowledge the contribution of Denise and Bob as being integral members of the Board through the IPO process and with DGL’s transition from a private to public company.

Both retiring Directors said “that it was an appropriate time to retire, following the release of DGL Group's FY23 results and two full operational years as an ASX entity. The time is now right for the orderly transition process of the composition of the Board which has culminated with today's announcement of Tim & John as incoming Directors”.

Tim has over 25 years’ experience providing strategic, commercial and capital markets advice to public and private companies in Australia, UK and North America. A relationship driven, trusted strategic adviser to business owners, executives and boards, with extensive experience across a wide range of industries including industrials, technology, biotech and healthcare and financial services. Tim was most recently Managing Director Investment Banking at Canaccord Genuity (Australia), previous roles include Head of Strategy ANZ Institutional Bank, Director JP Morgan Australia, and Head of Strategy AXA Australia. Tim is a graduate member of the Australian Institute of Company Directors and holds a Bachelor of Mechanical Engineering (Hons), and Bachelor of Economics (Accounting) from the University of Adelaide.

John West has previously been associated indirectly with the Group having sold his successful warehousing and distribution business to the Group in 2018, Dangerous Goods Logistics.

John has over 50 years’ experience in the Transport and Logistics Industry and currently serves as Managing Director of John West Logistics Pty Ltd, which specialises in Contract Logistics, running a fleet of 200+ vehicles throughout Australia and New Zealand. John West

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Logistics is not in direct competition with DGL, and no conflict of interest will arise between the parties as a result of John’s appointment.

John has and continues to participate in industry bodies and advisory councils including the Australian Trucking Association, the Australian Road Transport Industrial Organisation and National Road Transport association.

John held a seat on the Queensland Rail board for five years and his input continues to be sought from time to time by Government and other advisory bodies or committees.

Mr Peter Lowe, Chairman, said “Denise and Bob’s contribution as board members has been of considerable value to DGL since the IPO including playing a key role in guiding the transition of DGL to a publicly listed group. He also thanked them for the support they have given him as Chairman”. “I also take this opportunity to welcome Tim & John to the Board who bring invaluable industry specific experience to the Group as it continues to evolve since listing in 2021”.

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Approved for release by the Board of DGL.

CONTACT

Barbara Furci DGL Group Limited +64 9 309 9254 or barbara.furci@dglgroup.com

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