Royal Bafokeng Platinum Limite advised that the Chairperson of the RBPlat board of directors, Adv. Kgomotso Moroka, after serving on the Board as independent non-executive Chairperson since June 2010, will formally be retiring from the RBPlat Board with effect from the Company's next Annual General Meeting to be held in April 2021. Following Adv. Moroka's retirement from the Board, Mr. Obakeng Phetwe, a non-executive director of RBPlat, since February 2018, will assume the function of the Board Chairperson. Obakeng, a Chartered Accountant, is currently the Chief Executive Officer of the Royal Bafokeng Nation Development Trust and a non-executive director on the boards of Royal Bafokeng Holdings Proprietary Limited, RMB Holdings Limited, RMI Holdings Limited and MOGS Oil and Gas Proprietary Limited. In addition, Mr. Mark Moffett, an independent non-executive director of RBPlat since September 2014 and a Chartered Accountant, will assume the function of Lead Independent Director with effect from the retirement of Adv. Moroka. Mark is currently also an independent non-executive director on the board of Exxaro Resources Limited and has previously held senior executive positions within Xstrata initially as Chief Financial Officer of the Xstrata Alloys Proprietary Limited business and more recently as Group Controller of Xstrata plc. Prior to this he held senior finance positions within Anglo American plc and the De Beers Group. The Board, assisted by its Nominations Committee, will consider changes to any Committee memberships in 2021.