Chairman Peter Hill CBE of Petra Diamonds Limited has announced that he will not seek re-election at the company's upcoming Annual General Meeting and will retire from the board after the meeting. Hill stated that he believes it is now appropriate for a new chair to lead the company into its next phase of development and growth. Varda Shine, the Senior Independent Director, has been appointed as the new Chair of Petra, effective after the Annual General Meeting. Shine will lead the search for a permanent Chair and will also become Chair of the Nomination and Investment Committees. Bernard Pryor, Non-Executive Director and Chair of the Health and Safety Committee, will become the Senior Independent Director. Shine will remain as Chair of the Remuneration Committee during this interim period. Petra's Annual General Meeting will be held on November 14, 2023.