EXCELSIOR CAPITAL LTD — Board/Management Information 2021

Jan 24, 2021

Excelsior Capital Limited ABN 98 050 542 553 Level 29, Chifley Tower 2 Chifley Square, Sydney, NSW, 2000, Australia Telephone: (02) 92169043 Email: corporate@excelsiorcapital.com.au www.cmilimited.com.au

25 January 2021

Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000

ASX ANNOUNCEMENT Excelsior Capital Limited (ASX: ECL)

Appointment of Executive Director

Excelsior Capital Limited (ASX: ECL) is very pleased to announce the appointment Jakov Males as an Executive Director.

Prior to joining ECL, Jakov spent 12 years at UBS Asset Management (Australia) as Managing Director, Head of Australian Equities and as a member of the board. Previous positions included Head of Australian Equities at Allianz Global Investors, as well as roles at a domestic boutique fund manager, Deutsche Asset Management and Lendlease.

As Head of Equities at UBS Asset Management (Australia), his responsibilities included large and small capitalisation Australian equities, global and domestic REITs, and Sustainable (ESG) portfolios, that together represented more than $6bn in assets under management for institutional and retail investors.

Mr Males has over 20 years asset management experience as a team leader, portfolio manager and senior analyst. His extensive investment management experience and a background in fundamental valuation driven research, analysis and portfolio construction will bring a great variety of expertise to ECL.

Mr Males will be paid a fixed cash remuneration of $150,000 per year base salary plus superannuation at the statutory rate. Mr Males' executive role can be terminated on 14 days notice by either party and is otherwise on market standard terms and conditions.

The Board has also approved the remuneration of Ms Catelan, Executive Director, with effect in and from FY21 will be a fixed cash remuneration of $150,000 base salary plus superannuation at the statutory rate. Ms Catelan's executive role can be terminated on 14 days notice by either party and is otherwise on market standard terms and conditions.

Level 29, Chifley Tower 2 Chifley Square, Sydney, NSW, 2000

-ENDS-

For further information, please contact: Leanne Catelan Jakov Males Executive Director Executive Director leannecatelan@excelsiorcapital.com.au jakovmales@excelsiorcapital.com.au +61 (02) 92169043 +61 (02) 92169043

About Excelsior (ASX: ECL): Excelsior is a Listed Investment Entity, originally established in 1991, and listed on the ASX in 1993. Excelsior Capital Limited’s operations comprise the design and distribution of electrical components and cables for resource and infrastructure applications through its Electrical Division and a substantial investment portfolio.

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