KOMATI BASIN WATER AUTHORITY - Change to the Board of Directors Appointment of Director and Notification of Change in Debt Officer

Change to the Board of Directors – Appointment of Director and Notification of Change in Debt Officer

Komati Basin Water Authority
Established in terms of the Treaty on the Development and Utilisation of Water Resources of the
Komati River Basin
ISIN Code: ZAG000016296
(“KOBWA” or “the Company”)


CHANGE TO THE BOARD OF DIRECTORS – APPOINTMENT OF DIRECTOR AND
NOTIFICATION OF CHANGE IN DEBT OFFICER


In compliance with paragraphs 6.39(a) and 7.3(g) of the Debt Listings Requirements of the JSE Limited,
the board of directors of KOBWA (“the Board”) hereby notifies Noteholders that:

-    Mr Juan de Wet has been appointed as an executive director and the Finance Director of KOBWA
     pursuant to KOBWA’s policy dealing with the nomination of directors, replacing Ms Futhi Kunene as
     Acting Finance Director, with effect from 1 May 2022.

     Mr de Wet, BCompt Hons CTA (Honours in Accounting Sciences) and Associate General
     Accountant (SA), is a seasoned finance professional, with more than 15 years’ experience serving
     both public, private and NPO sector entities. These include tourism, economic development,
     manufacturing, conservation, social development and agriculture.

-    Further to the above, Mr de Wet has been appointed as Debt Officer of KOBWA, replacing Ms
     Kunene, with effect from 1 June 2022.

     The Board has considered and is satisfied with the competence, qualifications and experience of
     the newly appointed Debt Officer.

     The contact details of the Debt Officer are as follows:
     Email:          juan.dewet@kobwa.co.za
     Telephone:      +(268) 7806 9337


Piggs’ Peak, Eswatini
3 June 2022

Debt Sponsor
Merchantec Capital

Date: 03-06-2022 05:08:00
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