Following the successful launch of Afterpay in New Zealand during the second half of calendar 2017, Afterpay Touch Group Limited has continued to investigate expanding its market leading Afterpay product into other markets, while at the same time developing its internal capabilities and resources to ensure the Company's ability to innovate and grow in its established markets is maintained. In support of this initiative, Afterpay Touch announced that it has entered into a strategic relationship and new share issuance transaction with Matrix Partners (Matrix). Mr. Dana Stalder is a General Partner at Matrix and has been invited to join the Afterpay Touch Board in the capacity of independent, non-executive director. While this is not a requirement of the Matrix transaction, the company feel that Dana's extensive global technology and business experience will significantly complement the skills of existing Board members and facilitate coordination and execution of a potential US market development strategy. Prior to joining Matrix in 2008, Dana held leadership positions and was responsible for core product and global business expansion activities at companies such as eBay, Netscape and PayPal. Contemporaneously with Dana's appointment, it is the intention of Mike Jefferies to resign from the Afterpay Touch Board. Prior to Afterpay's merger with Touchcorp, Mike was the long-serving Chairman of Touchcorp and stepped into an executive role following the tragic passing of Touchcorp's Managing Director, Adrian Cleeve, in late 2016. In both his Touchcorp and Afterpay roles, Mike has been an outstanding director and has worked tirelessly for the benefit of all shareholders and staff.