PACIFIC CURRENT GROUP LIMITED — Board/Management Information 2024

Jun 30, 2024

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ASX ANNOUNCEMENT

1 July 2024

APPOINTMENT OF NON-EXECUTIVE DIRECTOR AND ACTING CHIEF EXECUTIVE OFFICER

Pacific Current Group Limited ( ASX: PAC ) (“ Pacific Current” ) is pleased to announce that Joanne Dawson has been appointed as a Non-Executive Director of Pacific Current with effect from today, 1 July 2024.

Ms. Dawson has experience in highly regulated, service businesses coupled with a long history of corporate transactions. Her prior roles include senior positions at Deloitte and National Australia Bank, and Chair of EL&C Baillieu Ltd (stockbrokers). She worked with Deloitte in both Australia and the USA in their Financial Services, Assurance and Advisory Division.

Joanne is presently a Non-Executive Director of Centuria Capital Group (ASX: CNI), PSC Insurance Group Ltd (ASX:PSI), AMA Group Ltd (ASX: AMA), PetSure (Australia) Pty Ltd, Bank First and an Independent Trustee Director and Chair of the Investment Committee of Vision Super.

Her previous board experience includes Templeton Global Growth Fund Limited (ASX:TGG)

Joanne has a Bachelor of Commerce from the University of Melbourne and a Master of Business Administration from RMIT.

She was also founder and CEO of Executive Wealth Strategies, is a Chartered Accountant and a Fellow of the Australian Institute of Company Directors

Commenting on the appointment, PAC Chairman Tony Robinson said, “on behalf of the Board, I am delighted to welcome Joanne to the Pacific Current Board and look forward to her counsel and advice”.

Pacific Current also announces that Non-executive Director, Michael Clarke has been appointed as Executive Director and Acting Chief Executive and will join the Executive team, with immediate effect. A summary of the material terms of Mr Clarke’s employment agreement for this new role is included as an annexure to this Announcement.

-ENDS

AUTHORISED FOR LODGEMENT BY:

Tony Robinson, Chair of Pacific Current Group Limited

-ENDS-

CONTACT

Pacific Current Group Limited (ABN 39 006 708 792)

Suite 3, Level 3, 257 Collins Street, Melbourne VIC 3000 Australia www.paccurrent.com Tel: +61 3 8375 9611

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For Investor & Media enquiries:

• Tony Robinson - Chairman

• E: info@paccurrent.com

• T: (+1) 253 617 7815

ABOUT PACIFIC CURRENT GROUP

Pacific Current Group Limited is a multi-boutique asset management firm dedicated to providing exceptional value to shareholders, investors, and partners. We apply our strategic resources, including capital, institutional distribution capabilities and operational expertise to help our partners excel. As of June 2024, Pacific Current Group has investments in 16 boutique firms globally.

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Attachment A

Summary of Key Terms of the Employment Agreement appointing Michael Clarke as Acting CEO and Executive Director

	Acting CEO and Executive Director
Employer	Pacific Current Group Limited
Position	Acting Chief Executive Officer and Executive Director
Commencement Date	1 July 2024
Term	No specified term
Fixed Remuneration	Base salary of $30,000 per month, inclusive of superannuation, short term incentive and long-term incentive (with payment backdated from 1 June 2024 in recognition of additional work performed prior to commencement).
Additional entitlements	Reimbursement of company related expenses
Termination Provisions	Refer to paragraph 7.1 and 7.2 of Pacific Current Group’s constitution.

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