Jubilee announced the appointment of Manuel Lino Silva de Sousa Oliveira (Ollie) as independent non-executive director of the Company with immediate effect. The board has also voted unanimously to appoint Mr. Oliveira as the independent non-executive Chairman of Jubilee with effect from 1 June 2022. The appointment of Mr. Oliveira follows the previously announced decision by Colin Bird, founder of Jubilee, to retire as non-executive Chairman from the Jubilee board.

Colin will step down as Chairman to pursue his various initiatives outside of Jubilee with effect from 1 June 2022, following which he will step into an advisory role assisting with special projects as advised by the board with no continued executive duties. Jubilee also announces key changes to the members of its Executive Committee under the leadership of the Chief Executive Officer, Leon Coetzer, in-line with its drive to expand its business globally. Pedja Kovacevic steps into the role as Chief Strategy Officer ("CSO") to dedicate his focus to the global expansion drive, from his current role as Group CFO.