The board of directors of PSV Holdings Limited announced that Mr. Ralph Patmore has resigned as an independent non-executive director, member of the Independent Audit and Risk Committee and Chairman of the Board with effect from 30 August 2016. The Board has commenced the process to appoint a new independent non-executive Chairman of the Board and member of the Independent Audit and Risk Committee and shareholders will be advised in due course once an appointment has been made. In the interim, Mr. Abie Da Silva will serve as acting Chairman of the Board, until a suitable replacement has been appointed.