Ann: Appointment of New Auditor, page-18

Oh no PwC absolutely had to resign, it had nothing to do with BRL's operations or dodgy things going on (as some seem to imply), it was simply that PwC believe the debt instruments (meaning the RCPS etc) should have been accounted for on paper in a different way - actually doesn't have any impact now that they have been converted (and to clarify, it was not a protest in any way against the issue of the RCPS) or cash flow wise at the time, just a mere 'point of order' - when you disagree with a temporary accounting detail, that admittedly would have had an impact on profit/loss for the year, it is only fit to resign… it would be rude to ‘call the board out’ over a minor accounting discrepancy, and then turn around the next year and be all ok with it. KPMG, of course, couldn’t care less – the debt issuance (mainly the RCPS) is mostly done now, PwC have stated they don’t agree with the way it was recorded in the 2017 Financial Statements and left accordingly... KPMG is in, end of story.