Octodec Investments Limited announced the appointment of Mr. Richard William Reeves Buchholz ("Richard") as an independent non-executive director of Octodec with effect from 1 October 2021. Richard will serve on the Group's Audit and Risk Committees. The reasons for the appointment are to bolster the risk management skills and further enhance the independence of the Board of Directors ("the Board"). Richard CA(SA) has 26 years' experience in the financial services industry, mostly in banking, where he fulfilled senior executive roles in audit, commercial banking and risk management. In addition, he has served and serves as a non- executive director on the boards of a number of banks in Southern Africa, including roles as member and chairman of various board committees. Currently Richard is the lead independent non-executive director of Sasfin Holdings Limited and Sasfin Bank Limited.