Vukile Property Fund Limited announced that Ms. Babalwa Ngonyama has resigned as an independent non-executive director of the Company and as chairman and member of the audit & risk committee with effect from 2 November 2023, in order to focus on the legal review process pertaining to the allegations and findings against her by the Independent Panel constituted by the UCT Council, which is currently pending. The Board further advises that Dr. Renosi Mokate, current member of the audit and risk committee and lead independent director, will assume the role of chairman of the audit and risk committee and that Mr. James Formby has been appointed as a member of the audit and risk committee, both effective 2 November 2023.