The board of directors of Ecsponent Limited announced the appointment of Mr. Cobus Beetge as a Non-Executive director with effect from 5 June 2020. Mr. Beetge serves as director of several companies and is one of the biggest investors in the Company's hybrid preference shares. He also serves as the Managing Director of J P Landgoed, an agricultural business with multifaceted farming operation and Investment holding companies. Mr. Beetge built a multifaceted agricultural business that is currently one of the leading exporters to the Asian and European markets and is renowned for his contribution to this sector. Keith Rayner will assume the role of Independent Non-Executive Chairman of the Company. Craig Lyons resigns as Non-Executive Chairman and director of the Company and has been reassigned to assist and support the Company's key investment, MyBucks S.A., as a member of its board and focus on strengthening the underlying business. Mr. Patrick Matute resigns as a Non-Executive director and has been reassigned to the Company's key investment, MyBucks and will serve as an executive member of the MyBucks board.