BUKA INVESTMENTS LIMITED - Changes to the Board of Directors and Company Secretary

Changes to the Board of Directors and Company Secretary

BUKA INVESTMENTS LIMITED
(Previously known as Imbalie Beauty Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2003/025374/06)
JSE Share code: BKI ISIN: ZAE000309118
("Buka” or “the Company” or “Group”)

CHANGES TO THE BOARD OF DIRECTORS AND COMPANY SECRETARY

In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, the board
of directors of Buka (the Board) wishes to advise shareholders of the following changes
to the Board and its committees, effective 1 August 2022:

1.   Esna Colyn is stepping down as Chief Executive Officer and her role will change to
     that of a non-executive director. Mrs Colyn will be appointed as chairman of the
     Remuneration Committee and remains a member of the Social and Ethics
     Committee.
     The Board sincerely thanks Mrs Colyn for her valuable contribution and dedication
     to the Company through her tenure as Chief Executive Officer for the past 12 years
     and looks forward to her continued engagement and commitment as a non-
     executive director.
2.   The appointment of Abdurrahim Bux as Chief Executive Officer. Mr Bux will resign
     as chairman of the Remuneration Committee and will be appointed as a member of
     the Social and Ethics Committee.
3.   The resignation of Aboobaker Cassim as Financial Director.
     The Board sincerely thanks Mr Cassim for his contribution to the Company.
4.   The appointment of Werner Grobbelaar (51), BCom (Accountancy), HDip Company
     Tax Law, HDip Contemporary Art, MA Contemporary Art, as Financial Director of
     the Company and as a member of the Social and Ethics Committee.
     Mr Grobbelaar is the incumbent Group Financial Manager of B&B Media (Pty)
     Limited, a material shareholder of the Company, and has been with B&B Media
     (Pty) Limited since 2020. He was previously an accountant at Alexander & Co of
     London and Cheadle, Thompson & Haysom Inc.

In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, the Board
wishes to advise shareholders of the following changes in Company Secretary:
5.   The resignation of Paige Atkins as Company Secretary, having accepted a position
     with a large corporate, effective 31 July 2022.
     The Board wishes Mrs Atkins well in her future endeavours and thanks her for her
     valuable contribution to the Company over the past four years.
6.   The appointment of Ligcabo SA (Pty) Limited (“Ligcabo”), effective 1 August 2022.
     The Ligcabo team has extensive experience in company secretariat, compliance
     and governance having provided company secretariat services to listed and unlisted
    organisations. The Board is of the view that Ligcabo has the necessary competence
    and experience to fulfil the role.
    The board welcomes Ligcabo.


13 July 2022
Parktown

Designated Advisor
Exchange Sponsors

Date: 13-07-2022 01:30:00
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