African Consolidated Resources Plc announced key board changes. The following board changes will take effect immediately. The company announced the appointment of Mr. William Battershill as Chairman - a highly experienced and successful businessman with an extensive background and network in the Southern African industrial sector and appointment of Mr. Eric Diack as a Non-Executive Director.

Mr. Diack brings a vast understanding of the sub-Saharan African industrial and mining landscape with board level experience from major companies including ArcelorMittal, Aveng, AMIC, Adcock Ingram, Bidvest and Anglo American Ferrous and Industries. Mr. Roy Pitchford, current Acting Chief Executive Officer ('CEO'), will become the company's permanent CEO, Mr. Roy Tucker, current Chairman, will transition into the role of Finance Director. He remains as Company Secretary.

Mr. Stuart Bottomley, Mr. Neville Nicolau, current Non-Executive Directors, and Mr. Michael Kellow, Technical Director, will all step down from the board.