Tiso Blackstar shareholders are advised that Mr. Marcel Ernzer has resigned as an independent non-executive director and chairman of the audit committee of Tiso Blackstar, with immediate effect. Following Mr. Ernzer's resignation, Mr. John Mils, lead independent director and member of the audit committee of the Company, assumes the role of chairman of the audit committee of the Company, with immediate effect. The board of directors of Tiso Blackstar will commence a process to identify and nominate an additional independent non-executive director who will bring the required experience, insight and professional skil s to the Board to ensure effective leadership of the Company.