• Mark Read has joined the Board as Managing Director of Verbrec Limited
• Mark has been an integral part of Verbrec's turnaround journey and current growth trajectory
• The Board has extended the notice period under Mark's Executive Services Agreement from 6 months to 12 months

Verbrec Limited (ASX:VBC) has announced that Mark Read has joined the Board as Managing Director of the company. Mark has been an integral part of Verbrec's turnaround journey and current growth trajectory since his appointment as Chief Executive Officer in 2023. He brings over 30 years of highly relevant industry experience to the Board. To secure continuity for Verbrec, the Board has extended the notice period under Mark's Executive Services Agreement from 6 months to 12 months. The other terms of Mark's employment contract have not materially changed. In a note from the Managing Director, Mark expressed his gratitude to the Board for their decision to appoint him as Managing Director and stated his commitment to collaboratively work with the Board to drive outcomes for Verbrec that deliver value for shareholders, increase the company's brand presence, and enable a sustainable future for its clients and their customers. The Board is delighted with Mark's transition from Chief Executive Officer to Managing Director and CEO, stating that this is a natural next step for him given the outstanding results he and his Executive Team have already delivered for Verbrec's shareholders and other stakeholders.