Director Retirement

28 June 2021



The Manager
ASX Market Announcements
Australian Securities Exchange
Exchange Centre
Level 4
20 Bridge Street
Sydney NSW 2000


Electronic Lodgement


Australian Foundation Investment Company Limited (the “Company”)
Retirement of Director – Ross Barker

Mr Ross Barker has advised the Board that he intends to retire with effect from 30 June
2021.

Mr Barker transitioned to Non-Executive Director in January 2018 having been
appointed Chief Executive Officer of the Company in February 2001 and Managing
Director in October 2001. Prior to October 2001 he was an Alternate Director of the
Company, a position he had held since April 1987. Ross was integrally involved,
through the late 1990’s and early 2000’s, in building AFIC’s capabilities to be a fully
and strongly independent entity in its own right.

His contribution to Board deliberations will be missed. The Board wishes to record its
thanks to Mr Barker for his valued and outstanding service to the Company and to
shareholders for almost 35 years and wishes him well for the future.

Please direct any enquiries to:

Mark Freeman
Managing Director
(03) 9225 2122

Geoff Driver
General Manager
(03) 9225 2102

Authorised by the Board of Australian Foundation Investment Company Limited