Aquis Entertainment Limited announced the appointment of Mr. Simon Chan and Mr. Tom Pickett as non- executive directors of the Company. Following the completion of the sale of Aquis Canberra, casino regulatory approval for appointment of directors to the board of Aquis is no longer required, as such, the appointments are effective immediately. Aquis' majority shareholder ACH requested, and Aquis' board approved the appointment of Mr. Chan and Mr. Pickett.

Mr. Chan is a Gold Coast based lawyer, specialising in property law, covering all aspects of property law from negotiating contracts through to advising on financing and structure. Mr. Chan is also a director of ACH. Mr. Pickett is a lawyer with experience in multiple industries including mining exploration, law, tourism and hotels, having held executive and board positions in both listed and unlisted companies.

Mr. Pickett is currently the executive chairman of Cannindah Resources Limited. Given Mr. Chan and Mr. Pickett were nominated by ACH and have other relationships with ACH, they are not considered to be independent directors. Mr. Chan and Mr. Pickett will stand for election at Aquis' next annual general meeting in May 2023.

Together with the appointment of Mr. Chan and Mr. Pickett, Ms. Allison Gallaugher has resigned as director and CEO of Aquis with effect from today. Ms. Gallaugher will continue as CEO of Casino Canberra. Under the terms of the sale contract for the sale of Aquis Canberra, Iris will provide administration assistance to Aquis for a transitional period (and it is expected that Ms. Gallaugher will continue to assist Aquis on such matters for a limited period, including undertaking responsibilities of the CEO as required, via such transitional assistance).