• Ari Mervis resigns as Executive Chairman, citing disagreements with the Board
• Duncan Makeig appointed as interim Chair, to lead search for new independent Chair
• Kate Beattie appointed as interim CEO until Jayne Hrdlicka's commencement on 1 January 2026

Endeavour Group (ASX:EDV) today announces that Mr Ari Mervis has resigned as Executive Chairman effective 3 August 2025, citing disagreements with the Board. Mr Mervis will step down from the Board immediately. The Board has a process underway to identify and appoint new Non-Executive Directors and will undertake a comprehensive search for a new Independent Chair, with the intention of having the new Chair in place before 1 January 2026. Lead Independent Director Duncan Makeig will assume the role of interim Chairman while overseeing the recruitment of a permanent Chair. Ms Kate Beattie has been appointed interim CEO, effective immediately. Ms Beattie has been with Endeavour for eight years, and Chief Financial Officer since 2023, and has deep operational and strategic leadership experience. Group Deputy Chief Financial Officer Ms Tali Ross will act as CFO on an interim basis. The Board and management are undertaking a strategy refresh which will include a portfolio-wide examination of the Group's performance, key business drivers and execution across Retail, Hotels and the Pinnacle business, with the clear aim of maximizing long-term shareholder value. As previously announced, Ms Hrdlicka will start on 1 January 2026 pending receipt of all necessary regulatory approvals, and is now consulting to the Board and senior management ahead of her commencement date, contributing the equivalent of two days a week on the strategy refresh process.

Group F25 sales are expected to be $12.06 billion. Group F25 statutory net profit after tax is expected to be between $420 million and $425 million.