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Director Determination

NZX Compliance8 February 2022AGLUtilities

NZX Release
Accordant Group Ltd

NZSX Listing Rule 2.6.2

As required by NZX Listing Rule 2.6.2 the Board of Accordant Group Limited has determined that the

following Directors are independent, as that term is described in the NZX Corporate Governance

Code.


Wynnis Armour

Laurissa Cooney

Nick Simcock


The Board has further determined that, while newly appointed director Richard Stone may presently

meet the NZX Code requirements for independence, his prior association with Accordant Group

subsidiary JacksonStone and Partners makes it prudent to determine Richard to be non-independent

at the present time. Having assessed the available talent and existing governance requirements, the

Board is of the opinion that the appointment of a director with the industry knowledge and

expertise of Richard Stone, was the right thing to do, in the current climate.

The Board intends to redetermine Richard’s status after the passage of a cooling off period, in terms

of Listing Rule 2.6.3.

Ends

Simon Bennett

Board Chairman

Accordant Group Limited

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