The board of directors of Acsion notified its shareholders of the following appointments to the Board, both with effect from 1 July 2022. The Board announced that Mr. Hector Zarca (Hector) has been appointed as an independent non-executive director and Chairperson of the Board, replacing acting Chairperson, Dr. David Sekete, and member of the Remuneration committee. Hector is a Chartered Accountant (South Africa) with over thirty years' experience in the banking industry and in the property sector.

The Board announced that Ms Leora Osrin-Karp ("Leora") has been appointed as an independent non-executive director and member of the Audit and Risk, and Social and Ethics committees. Leora is an admitted attorney of the High Court of South Africa with diverse commercial and property sector experience spanning 20 years. Following the aforementioned appointments, and for the sake of clarity, the Board committees will, with effect from 1 July 2022, be comprised as follows: Audit and Risk committee:- Ms. Marianne Kok (Chair), Ms. Leora Osrin-Karp, Dr. David Sekete.

Remuneration committee:- Dr. David Sekete (Chair), Ms. Marianne Kok, Mr. Hector Zarca. Social and Ethics Committee:- Dr. David Sekete (Chair), Ms. Leora Osrin-Karp, Mr. Kiriakos Anastasiadis.