Rand Merchant Investment Holdings Limited (RMI) released on the Stock Exchange News Service on 22 September 2022 regarding the transition of RMI to OUTsurance Group Limited and on 8 November 2022 in respect of the report on the proceedings at the annual general meeting and changes to important functions of directors. As a next step in this transition of RMI to OUTsurance Group Limited, shareholders are advised of the following changes to important functions of directors of the company: Herman Bosman will step down as chief executive officer and financial director of RMI on 30 November 2022 and will succeed Jannie as non-executive chairman of RMI on 1 December 2022. Marthinus Visser, current chief executive officer of OUTsurance Holdings Limited, will succeed Herman as chief executive officer of RMI on 1 December 2022.