The Board of Aveng Limited confirmed the retirement of Mr. Eric Diack from the Board. Mr. Diack has been a valued member of the Board and has provided the Company with steadfast leadership through a period of significant uncertainty. Mr. Philip Hourquebie, who has been a Board member since August 2015 and the Chair of the Audit and Risk Committee since August 2017, has been appointed Chairman of the Board. Mr. Hourquebie has extensive operational and strategic experience, gained particularly from his long career at EY (formerly Ernst & Young). Following Mr. Hourquebie's appointment as the Chairman of the Board, the following Board committees have been reconstituted as follows: Ms Bridgette Modise, currently an independent non-executive director, has been appointed as Chair of the Audit and Risk Committee and a member of the Investment Committee. Mr. Hourquebie, with his appointment as Chairman of the Board, steps down from the Audit and Risk Committee and has been appointed as Chair of the Investment Committee. All of the above appointments are with immediate effect.