Namibia Asset Management Limited will be making the following changes to the Board effective 29 December 2023. Following ten years of service, Chairman of the Board, Mr. Anton Pillay has tendered his resignation as Chairman of the Board and non-executive director effective 29 December 2023. Mr. Pillay has been instrumental in the success of NAM and the Board extends their gratitude for his invaluable contribution to the Group and wishes him well.

Mr. Llewellyn Smith has been appointed as the new Chairman of the Board effective 29 December 2023. Mr. Smith joined the Board in January 2022 and served on the Audit & Risk Committee.