SacOil Holdings Limited advised that Mr. Steve Muller resigned as an independent non-executive director and as the chairman of the audit and risk committee of the Company on 15 September 2016 in order to pursue other business opportunities. The Board has appointed Mr. Ignatius Sehoole, an existing independent non-executive director, as a member and chairperson of the Audit and Risk Committee. Mr. Muller was appointed as an independent non-executive director of SacOil on 10 June 2013 and served as chairperson of the Audit and Risk Committee and also as a member of the Nomination and Investment Committees.