Mr Philip Hourquebie was appointed Chairman of the Board at Aveng with immediate effect, June 17 2020. 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). During this time, he held various positions including CEO South Africa; Managing Partner: sub-Saharan Africa region; and Managing Partner: central and south-east Europe region. He is currently a Director of Investec Ltd, Investec plc, Investec Bank Ltd and Investec Property Fund Ltd, and Trustee of the Denis Hurley Association. 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.