The board of directors of African Phoenix Investments Limited hereby notifies its shareholders that Mr. Warren Chapman ("Warren") has been appointed as a non-executive director of the Board with effect from 16 August 2019. Warren is the Chief Executive Officer of Zarclear Holdings Limited and Zarclear Proprietary Limited. He is also an executive director at Legae Peresec Holdings Proprietary Limited. Prior to joining Zarclear, he was the Managing Director at Peregrine Securities where he spent over 19 years.