Agriterra Ltd. announced that it has appointed Mr. Adelino Fernandes as Group Finance Director (non-board) with effect from 15 January 2018. Mr. Fernandes will oversee all operational accounting and finance functions, reporting directly to the Board, and will be based in Chimoio, Mozambique, the company's main operational center. Mr. Brendan Scott, who recently assumed the position of interim Chief Executive Officer, will be stepping down from this position and as a director with effect from the end of February 2018 to take up a permanent position elsewhere.

Mr. George Naude, the company's long-standing Chief Operating Officer (Mozambique), will assume additional responsibilities to ensure the continued operation of the company's businesses thereby supporting the company's growth strategy which is focused on expanding core businesses and developing complementary agricultural and food production businesses in Mozambique. Ms. Caroline Havers, will continue to steer the company's corporate and commercial strategy from London in the new role of Executive Chair whilst the Board evaluates the need for additional executive appointments to further strengthen the company's core management team.