Metair shareholders announced that Mr. CT Loock has decided to take early retirement and will accordingly step down as Chairman and non-executive director of all local and international Metair subsidiaries and associated companies with effect from 31 December 2020. This timeous announcement of Mr. Loock's retirement allows seven months for the Company to recruit the best replacement CEO. The group structure will be strengthened with the appointment of a Chief Operating Officer (COO). The recruitments will be conducted by a professional executive search agency and both internal and external candidates will be considered. Shareholders will be advised as soon as a new CEO has been appointed.