Changes to XTEK Board of Directors

Wednesday, 24 August 2022: XTEK Limited (ASX: XTE, ‘XTEK’, ‘Group’) is pleased to announce the appointment of Ms. Adelaide McDonald to the XTEK Board of Directors effective from 24 August 2022.

• Appointment of Ms Adelaide McDonald

Ms Adelaide McDonald has been appointed as a NonExecutive Director of XTEK Limited. Ms McDonald has over 15 years’ experience in corporate advisory and equity research.

Ms McDonald is currently a Non-Executive Director of VGI Partners Global Investments Ltd (ASX:VG1) and VGI Partners Asian Investments Ltd (ASX:VG8). In addition, Ms McDonald has held roles as a Director at KPMG in the Mergers and Acquisitions practice with previous roles at Wilson HTM and BDO Kendalls.

Ms McDonald graduated from the University of Queensland with a Bachelor of Commerce, with majors in Accounting and Finance, and a Bachelor of Business Management, majoring in Business Economics. Ms McDonald has completed the CFA Program and has been awarded the CFA Charter. Ms McDonalds extensive accounting, financial and investment background knowledge will provide additional experience to the XTEK Board.

Mr. Mark Stevens, Chairman of XTEK Board of Directors, commented:

“I am delighted to welcome Adelaide to the XTEK Board of Directors. I believe her extensive capital markets and corporate finance experience and knowledge will be of immense value to XTEK going forward.”