ELECTION OF MS CHRISTABEL BANDA AS NEW

BOARD CHAIRPERSON

MS CHRISTABEL MICHEL BANDA

The Board of Directors is also pleased to announce the election of Ms Christabel Michel Banda, as the new Chairperson of the Board with effect from 29^th May 2021.  Ms Banda, Managing Director of ZSIC Life Limited (Zambia) was appointed as a Non-Executive Director of the Board in May 2019.

Prior to her current appointment, she served in various capacities in the private sector as an insurance, audit, and finance professional.  She spearheaded the set-up of the Insurers Association of Zambia and served as its first Executive Director.  She is currently the association’s President.

Ms Banda also serves as the Chairperson of the National Road Fund (Zambia) Agency.

An MBA holder from Cavendish College, Ms. Banda is a chartered insurer and a chartered accountant and her passion for improving insurance penetration levels in Zambia and Africa will no doubt pave way for great achievements at ZEP-RE.

The Board takes this opportunity to congratulate Christabel on her election as the Chairperson.

By Order of the Board

Miriam Magala

Company Secretary

June 2021