Madison Pacific Properties Inc. announces changes to its Board of Directors

Core Points - Madison Pacific Properties Inc. announces changes to its Board of Directors, effective September 30, 2025 [1] - Mark Elliott and Jonathan Rees will step down from the Board after many years of service, with Elliott serving over 12 years and Rees over 6 years [2] - Alistair Duncan, Jr. and Robert Wiens will be appointed to the Board, bringing extensive experience in corporate governance and strategic development [3] Board Changes - Mark Elliott will step down as a director and has served as Chairman of the Audit Committee for 9 years [2] - Jonathan Rees will also step down after providing over 6 years of dedicated service [2] - The Company expresses gratitude for the significant contributions of both Elliott and Rees [2] New Appointments - Alistair Duncan, Jr. is currently the President and CEO of viDA Therapeutics Inc. and has prior experience as President and CEO of Chromos Molecular Systems Inc. [4] - Robert Wiens has over 30 years of management experience, including roles as CFO of D-Wave Systems and Managing Partner at Arthur Andersen & Co. [5] - Both Duncan and Wiens have familiarity with the Company's business, having served as directors of Metro Vancouver Properties Corp. prior to its privatization in 2024 [6]