On 19 November 2018 the Board of Directors of AFI Development Plc accepted the resignation of Mr. Mark Groysman from the position of Executive Director, effective 1 December 2018. Mr. Groysman's services on the Board were planned as an interim measure and his resignation follows a new appointment to the Board. Mr. Groysman will continue to serve as the Chief Executive Officer (CEO) of AFI RUS LLC. At the same meeting, the Board appointed Mr. Avraham Novogrocki to replace Mr. Groysman with such appointment being effective from 1 December 2018. Mr. Novogrocki previously served on the company's Board between 2012 and 2016. Mr. Novogrocki was, until September 2018, CEO of Africa Israel Investments Ltd.