KKV Secured Loan Fund Limited announced that Mr. Chris Spencer and Dr. Jacqueline Redmond have agreed to step down from the Board with effect from October 30, 2020. In addition, Mr. Paul Meader intends to step down from the Board following the publication of the company's annual report and accounts for the year-ended June 30, 2020. The Board has commenced a search for additional directors with the right mix of skills for the managed wind-down of the Company. Subject to identifying those new directors, it is expected that further Board changes will be announced with the intention being that, at the conclusion of this process, the Board will comprise four directors. However, subject to the views of the then directors, there may be the potential to reduce the size of the Board further as the wind-down of the Company progresses.