PWR Holdings Limited announced that Ms. Teresa Handicott, Chairman and Non- Executive Director, has notified the Company she will not be standing for re-election as a Director of the Company at the upcoming Annual General Meeting, to be held on 27 October 2023. In accordance with the Company's constitution, Ms. Handicott will retire as a Director effective at the conclusion of the 2023 Annual General Meeting. Ms. Handicott has been a member of the PWR Board since September 2015, prior to PWR's listing on the ASX in November 2015 and has been its Chairman since March 2017.

Teresa's extensive corporate and management expertise has been instrumental in building PWR's strong governance platform which has supported its growth over the past eight years. The PWR Board has succession plans in place for its Non-Executive Directors and will review those plans including considering candidates for the role of Chairman, following Ms. Handicott's advice.