Massmart Holdings Limited announced that Ms. Olufunke (Funke) Ighodaro has been appointed as a non-executive director of the company and a member of the Massmart Audit and Risk Committees with effect from 25 May 2018. Ms. Ighodaro's accomplishments as a seasoned corporate executive have seen her play a vital and strategic role in a number of corporates, where she served and continues to serve in various governance structures. She currently serves as independent non-executive director and audit committee member of Datatec Limited, independent non-executive director of the Institute of Chartered Accountants in England and Wales Members' Advisory Board for Africa, independent non-executive director and chairperson of the audit committee at Transaction Capital Limited and interim executive director and Chief Financial Officer of Emerging Markets Telecommunications Services Limited, (formerly Etisalat Nigeria, now trading as 9mobile). Previously, Ms. Ighodaro held various senior executive roles, including as Chief Financial Officer of Tiger Brands Limited until 2016, Chief Financial Officer of Primedia Limited until 2011 and executive director of Kagiso Trust Investments and managing director of its private equity business until 2001. Ms. Ighodaro brings to Massmart a wealth of experience and expertise earned in various sectors, including FMCG, corporate finance and investment management, media and telecommunications, and she will be a great addition to the Massmart Board and its Committees. Board of Directors of the company on 04 July 2017 and 13 September 2017, shareholders are hereby informed that Mr. Chris Seabrooke, the current Deputy Chairman of the Board, the Lead Independent Non-Executive Director and Chairman of the Massmart Audit, Risk and Remuneration Committees will retire from the Board and its Committees with effect from 30 September 2018. Ms. Ighodaro will succeed Mr. Chris Seabrooke as the Chairman of the Audit and Risk Committees with effect from 01 October 2018. Mr. Kuseni Dlamini, the Chairman of the Massmart Board resigns as an alternate member of the Audit Committee with effect from 25 May 2018. Ms. Phumzile Langeni, the current Chairman of the Social & Ethics Committee and member of the Nominations and Remuneration Committees will succeed Mr. Chris Seabrooke as the Chairman of the Remuneration Committee with effect from 01 October 2018.