JJ Njeke, the Chairman of the Momentum Metropolitan Holdings Limited Board will retire at the annual general meeting on 26 November 2020. The Group announced that Sello Moloko will assume the role of Chairman of the Board at the annual general meeting to be held on 26 November 2020. Sello joined the Board on 1 March 2019 and is currently the Lead Independent Director. Sello has a wealth of business experience and was previously Chief Executive Officer of Old Mutual Asset Managers and Chairman of the Alexander Forbes Group, General Reinsurance Africa, and Sibanye-Stillwater. He is currently the Executive Chairman and co-founder of the Thesele Group, a black-owned investment holding company. The Board also announced changes to Board Committees, with immediate effect. Ms. Linda de Beer has been appointed as a member of the Nominations Committee. Ms. Lisa Chiume and Ms. Jeanette Cilliers (Marais) have been appointed as members of the Fair Practices Committee. Mr. Paballo Makosholo has been appointed as a member of the Investments Committee as well as the Social, Ethics and Transformation Committee. Furthermore, Mr. Kehla Shubane and Mr. Johan van Reenen will retire from the Board at the Group's annual general meeting on 26 November 2020. Following the retirement of Mr. Kehla Shubane, Dr. Sharron McPherson will become Chairman of the Social, Ethics and Transformation Committee, effective 27 November 2020.