Alterra Limited announced that Mr. Ben Norrish, Chief Operating Officer of the company has resigned from the Company and will end his role effective at the end of August 2023. Mr. Norrish successfully delivered the Stage 3 planting program alongside a highly effective operational team led by Duncan
Wells and supported by local contractors and suppliers. The program added an additional 85ha of avocados to the Carpenters Project and established leading horticultural practices to the management of the new and existing orchards. The departure of Mr. Norrish coincides with the Company's focus on optimising the cost structure of the Carpenters Project as the Company commences the Stage 4 development, for which preparation work is already underway and will be continued to be managed by the existing operational team.