The Board of Directors of Tiger Brands announced that the current Chairman, Dr. Khotso Mokhele will step down from his position as Chairman of the Board with effect from December 31, 2020, having served as an independent non-executive director since August 2007, prior to being appointed as Chairman in February 2017. He will accordingly also step down as a member of the Nomination & Governance, Remuneration and Investment Committees. Shareholders are informed that the Board has appointed Ms Geraldine Fraser-Moleketi as independent non-executive director and chairman designate with effect from September 1, 2020, to facilitate a smooth handover. She will assume the role of chairman with effect from January 1, 2021. Ms Fraser-Moleketi was elected to South Africa's first democratic parliament in 1994 and served in three consecutive parliaments until her resignation in 2008. She served in various Cabinet roles from 1996 to 2008, including as Minister of Public Service and Administration and Minister for Welfare and Population Development. From 2008 to 2016, Ms Fraser-Moleketi served as Director of Global Democratic Governance Practice of the United Nations Development Programme (UNDP) and Special Envoy on Gender of the African Development Bank. She currently serves as Chancellor of the Nelson Mandela University, South Africa and in advisory roles as Chair of the Advisory Council of the Mapungubwe Institute for Strategic Reflection and as Chair of the Committee of Experts on Public Administration of the United Nations Economic and Social Council. Through her work in governmental and inter-governmental structures, she has interacted extensively with political leaders, business leaders and civil society across South Africa, the African Continent and globally and engaged in complex negotiations across different issues and sectors. Ms Fraser-Moleketi holds a master's degree in administration from the University of Pretoria, South Africa and has been awarded a D Phil Honoris Causa by Nelson Mandela University. She is a fellow of the Institute of Politics, Kennedy School of Government, at Harvard University, and has completed a Leading Organisational Change course at Wharton Business School at the University of Pennsylvania. She is Lead Independent Director of Exxaro and a Non-Executive Board member of Standard Bank Group and Standard Bank South Africa. The Board thanks Dr. Mokhele for his leadership and immense contribution to the Board during his tenure and wishes him well in his future endeavours. The Board appointed Advocate Mahlape Sello as a member of the Social, Ethics and Transformation Committee with effect from August 20, 2020.