Ms. Naseema Sparks has informed the PMP Board of her intention to resign as a Director of PMP Limited at the end of July 2017. Following Ms. Spark's resignation, Mr. Bickford-Smith will in the short term assume the role of Chairman of the Appointments and Compensation Committee. Mr. Michael Hannan has agreed to join this Committee. The Board also intends to appoint an independent director to cover the vacancy created and will restructure the Committee following that appointment.