AFINE INVESTMENTS LIMITED - Changes to the Board of Directors

Changes to the Board of Directors

AFINE INVESTMENTS LIMITED
(formerly Domanolor Proprietary Limited)
(Approved as a REIT by the JSE)
(Incorporated in the Republic of South Africa)
Registration number 2020/852422/06
JSE share code: ANI        ISIN: ZAE000303947
(“the Company” or “Afine”)

CHANGES TO THE BOARD OF DIRECTORS

In accordance with paragraph 3.59 of the JSE Listings Requirements, the board of directors of Afine (the
“Board”) wishes to advise shareholders of the following:

Appointment of non-executive director

The Board is pleased to announce the appointment of Mr Gary du Preez as a non-executive director of
the Company with effect from 12 July 2022 (“Effective Date”).

Mr Du Preez has over 36 years’ experience in securing and developing service station and commercial
properties for both local and international oil companies and in his personal capacity. His various roles
have given him exposure to all aspects required for the successful development of retail service stations
and commercial properties, where he has been responsible for the development of over 90 service
stations during his career to date, including four direct access rest and service areas service station
developments located along national freeways.

Following completion of his articles in law in 1985, Mr du Preez was appointed as property developer at
BP South Africa where he was responsible for securing continued tenure on existing service station
properties, the redeveloping of existing service station properties and developing new service station
properties.

Between 1991 and 1997 Mr Du Preez worked for Sasol Oil as Property Development Manager: Retail where
he was responsible for establishing the property development department and overseeing the
development of a new service station network of more than 40 new service stations. He was also
appointed as a director of Sasol Oil Mozambique where he was responsible for the development of a
new service station network in that country in conjunction with a joint venture local oil company partner.

In 1998 Mr Du Preez set up a property development company which specialised in acquiring existing
service station properties and redeveloping the properties, with a back-to-back agreement with Sasol Oil
to take over the shareholding in the company after five years. Between 1998 and 2002, 25 service station
properties were acquired and redeveloped in this company. Between 2010 and 2015 he was contracted
by Engen Oil to assist in the development of new service stations.

Currently, Mr Du Preez is self-employed as a director of Terra Optimus Property Developments (Pty) Ltd
where he secures existing and/or new service station and commercial properties to grow his personal
property portfolio and consults to property developers on the development of new service stations
Shareholders are further advised that Mr Du Preez will also be appointed as a member of the Company’s
Audit and Risk Committee and its Remuneration Committee on the Effective Date.

The Board welcomes Mr du Preez and look forward to his contribution to the Company.

Resignation of non-executive director

The Board wishes to advise that Mr Peter Todd has resigned as a non-executive director of the Company
and member of the Company’s Audit and Risk Committee as well as Remuneration Committee with
effect from 12 July 2022. The Board would like to extend its appreciation to Mr Todd for his contribution to
the Company and wishes him well for his future endeavours.

By order of the Board
12 July 2022

Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 12-07-2022 03:55:00
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