Mr. Danie Pentz has beenn appointed to the board of Finbond Group Limited and Mr. Carel van Heerden will resign from the board of Finbond Group Limited in order to focus exclusively on his new role as Chief Executive Officer of Finbond Mutual Bank. the appointment to the board, with immediate effect, of Mr. Danie Pentz, in the capacity of independent non-executive director (Mr Pentz has had more than 45 years' experience as a financial manager, tax consultant and executive director of various JSE listed financial institutions. He participated in the founding and registration of the Community Bank and was the Chief Operating Officer of Fulcrum Bank. At these financial institutions he was responsible for the development and installation of financial and IT systems). Mr. Pentz will replace Mr. Danie Brits, following his resignation, as chairman of the Audit Committee. Mr. Piet Naudé will also replace Adv Neville Melville on the Audit Committee. The changes to the Audit Committee will be subject to shareholder approval at the next annual general meeting. The resignation of Mr. Carel van Heerden from the Finbond Group Limited board with effect 1 October 2019.