City Lodge Hotels Limited announced the following the unwind of the BEE transaction and indirect repurchase by the Company of 99.99% of the shares in Vuwa Hotels Pty Ltd, the board has reviewed the classification of the non-executive Chairman, Mr. Bulelani Ngcuka, who now indirectly holds 0.01% of the shares in Vuwa, and has determined that he can be regarded as independent with immediate effect; and as a result of the reclassification of Mr. Ngcuka as independent, there is no longer a requirement for the role of a lead independent director. The board announced that Mr. Frank Kilbourn, who has served as lead independent director since 2014, will assume the role of Deputy Chairman with effect from 9 September 2021.