Mr. Price Board of Directors (Board) hereby notified shareholders that Mark Stirton will step down as Chief Financial Officer (CFO) of Mr. Price with effect from 31 July 2023 on mutually agreed terms. He will however remain with the group until March 2024 to facilitate a comprehensive handover of his duties. well in the future. Shareholders are further advised that the Board has appointed Praneel Nundkumar as CFO effective 1 August 2023.

The succession plan in place has enabled a smooth leadership change which ensures that the CFO role is filled ahead of important deliverables in the group calendar. Praneel holds a BComm and MBA through UKZN (achieving both summa cum laude) and is a qualified Chartered Accountant (SA). He has been with the financial services division of the group, Mr. Price Money, for 7 years, 4 years of which were as Financial Director and the last 3 years as Managing Director.