The board of directors of Brainworks Limited announced that Mr. M Wood, an independent non-executive director of the company, resigned with effect from 7 December 2018. Mr. Wood had been appointed as the company's Lead Independent Director and has been replaced by Ms. C Mtasa in this role. Mr. Wood was a member and Chairman of the company's Audit and Risk Committee and, as a result of his resignation, that committee will now comprise the following directors, subject to approval at the company's next annual general meeting.