Calgro M3 Holdings announced executive changes. Mr. John Gibbon will resign his post as non-executive director with effect from 1 January 2016. Mr. Gibbon was appointed to the board of directors of the company on 1 November 2008 and has served the company with enthusiasm and distinction.

Ms. Venete Klein CD (SA) is appointed as an independent Non-Executive Director with effect from 1 January 2016. Ms. Klein has in excess of 30 years' experience as a senior executive in the financial services industry. Amongst her directorships were appointments as Executive Director of Absa Retail Bank and Retail Business Bank, Ecobank Transnational, and appointments as Non- Executive Director of Post Bank SA, AllPay Consolidated Investment Holdings, Absa Trust, Absa Brokers, National Business Initiative, The Banking Association of South Africa, Ombudsman for Banking Services, ACSIS Wealth Managers and The South African Bureau of Standards.

She was also a trustee of The Community Impact Trust.