Effective August 5, 2019, as part of certain structural changes being implemented by Great Western Bancorp, Inc. to enhance its lending focus and credit administration functions, Mr. Douglas Bass, the Company’s President and Chief Operating Officer, and Mr. Michael Gough, Executive Vice President and Chief Credit Officer, have transitioned out of their respective roles. Mr. Bass continues as Chief Operating Officer of Great Western and will focus his attention primarily on loan, deposit and wealth management growth. The role of President will be assumed by Mr. Kenneth Karels, the Chairman and Chief Executive Officer of the Company. Mr. Gough will continue as Interim Chief Credit Officer and Executive Vice President until a successor Chief Credit Officer is named. Mr. Gough will assist in the transition and thereafter remain employed as a non-executive employee of the Company as a Senior Vice President - Credit. In connection with their new positions, on August 5, 2019 the Employment Letters with Mr. Bass and Mr. Gough have been amended and restated.