Telkom SA SOC Limited announced that Mr. Jabu Mabuza will be stepping down as an independent non-executive director and the Chairman of the board of directors, with effect from 31 May 2019. Mr. Sello Moloko, currently an independent non-executive director of the Board, will be elected as the new Chairman of the Telkom Board with effect from 1 June 2019. He has a wealth of business experience gained over more than twenty-five years, with an established career in financial services. He holds positions as independent non-executive Chairman of Sibanye-Stillwater Limited, and is the former non-executive Chairman of Alexander Forbes Groups Holdings Limited. He also serves on the boards of Prudential Investment Managers, DG Capital and Stor-Age REIT Limited. Mr. Moloko is the Executive Chairman and co-founder of Thesele Group. Dr. Sibusiso Sibisi has also been appointed to the Telkom Board effective on 1 April 2019. ollowing the above, the composition of the Nominations Committee shall be amended as follows with effect from 1 June 2019: Mr. Sello Moloko (Chairman); Ms Santie Botha; and Ms Khanyisile Kweyama. Remunerations Committee shall be amended as follows with effect from 1 June 2019: Ms Santie Botha (Chairperson); Mr. Sello Moloko; and Ms Kholeka Mzondeki. Mr. Sello Moloko will be stepping down as a member of the Investment and Transactions Committee with effect from 1 June 2019.