Rebosis Property Fund Limited announced that Mr. Jaco Odendaal has resigned as an independent non-executive director of the Company with immediate effect. Mr. Lloyd Crossland Pengilly has been appointed to replace Mr. Odendaal as an independent non-executive director of Rebosis with immediate effect. Mr. Pengilly has in excess of 49 years' experience ranging in mining, property, financial services, venture capital and private equity sectors. He is skilled in corporate advisory, large scale business transformation, capital raising, capital markets and initial public offerings. He is currently the chairman of QKR Corporation, the majority owner of Navachab Gold mine in Namibia and Qora Limited, a private equity initiative focused on mining resources, infrastructure, real estate and energy. He was the president and founder of QKR Corporation and held the positions of executive director of JPMorgan Cazenove and chairman of Africa for JPMorgan.