Dr Smith has over 20 years’ experience in government and most recently held the position of Secretary of the Federal Department of Industry, Innovation and Science. Prior to that she was Secretary of the Department of Communication and the Arts and Deputy Secretary of the Department of Prime Minister and Cabinet.

Mr Polson said: “I am very pleased to welcome Heather to the Board. She has performed at the highest level in support of the Australian Government and Prime Ministers on economic reform, innovation and technological change, foreign policy, national security and intelligence matters. She brings significant expertise and experience to the Board.”

Dr Smith will offer herself for election at Challenger’s Annual General Meeting on 28 October 2021.

This release has been authorised by Challenger’s Continuous Disclosure Committee.

ENDS

About Challenger

Challenger Limited (Challenger) is an investment management firm focused on providing customers with financial security for retirement.

Challenger operates two core investment businesses, a fiduciary Funds Management division and an APRA-regulated Life division. Challenger Life Company Limited (Challenger Life) is Australia's largest provider of annuities.

For more information contact

Stuart Kingham

Head of Investor Relations

+61 401 139 067

Sean Aylmer

Head of External Communications

+61 409 817 039

Mark Chen

Senior Investor Relations Manager

+61 423 823 209