The board of directors of Stadio Holdings Limited announced that Dr. Vincent Maphai has been appointed as an independent non-executive director and chairperson of the Company, with effect from 16 July 2020. Dr. Maphai has a wealth of experience and is passionate about education. He is currently the chairperson of the Sibanye-Stillwater Limited board of directors and a non-executive director of Discovery Limited. Previously, Dr. Maphai was the Director of Corporate Affairs and Transformation at SAB. In addition, he served as the southern African Chairperson of BHP Billiton. Dr. Maphai has accumulated 20 years' experience in the academic profession, and 15 years as a senior executive in the private sector. He has served as non-executive chairperson on the boards of various companies, including the SABC and the Presidential Review Commission into the restructuring of the public sector. The Board announced to shareholders that Mr. Douglas Maitakhole Ramaphosa ("Mr. Ramaphosa") has resigned as an independent non-executive director of the Company, with effect from 15 July 2020.