On January 6, 2021, the Board of Directors of GWG Holdings, Inc. appointed Mr. Jeffrey N. MacDowell as a director of the company. Mr. MacDowell was appointed as a Class II director. Class II directors will be elected or re-elected at the company’s upcoming 2020 annual stockholders’ meeting, scheduled to held on February 24, 2021. In addition, the Board of Directors appointed Mr. MacDowell to the Special Committee of the Board of Directors. Mr. MacDowell is a Partner at Hillstar Capital. Prior to joining Hillstar in 2015, Mr. MacDowell was a Managing Director at American Capital. Prior to joining American Capital in 2001, Mr. MacDowell was Vice President Finance for Dynamex.