The Board of the Company announced that PwC will retire as the auditor of the Company upon expiration of its current term of office at the close of the 2019 AGM and will not be standing for re-appointment. The Board, with the recommendation of the audit committee of the Company, proposes to appoint EY as the new auditor of the Company at the 2019 AGM and to hold office until the conclusion of the next annual general meeting of the Company, subject to the approval of Shareholders at the 2019 AGM.

The board (the “Board”) of directors (the “Directors”) of Magnus Concordia Group Limited (the “Company”) announces the audited consolidated results of the Company and its subsidiaries (collectively referred to as the “Group”) for the year ended 31 March 2019 with the corresponding comparative figures for the year ended 31 March 2018 as follows: