CONDUIT CAPITAL LIMITED - Compensation Deferment

Compensation Deferment

Conduit Capital Limited
Incorporated in the Republic of South Africa
(Registration number 1998/017351/06)
Share code: CND    ISIN: ZAE000073128
(“Conduit Capital” or “the Company” or “the Group”)


COMPENSATION DEFERMENT


The board of directors of Conduit Capital (“Board”) hereby notifies its shareholders that with effect from 1
January 2021 the Group CEO, Sean Riskowitz, has decided to defer all compensation due to him until
further notice.

Mr. Riskowitz said, "The decision to defer all compensation until shareholder value is restored is an easy
one. Shareholder alignment is critically important at every company, especially ours. I represent the largest
shareholder of the Company and have significant personal investment in Conduit. My incentive is firmly
aligned with all shareholders. I think it is only fair that I delay all personal remuneration until shareholder
value is restored."

Independent non-executive Board member William N. Thorndike Jr and non-executive director Adrian
Maizey have similarly deferred all compensation until further notice. Mr. Thorndike and Mr. Maizey are
significant shareholders of the Company.


Johannesburg
4 January 2021

Sponsor
Merchantec Capital

Date: 04-01-2021 03:30:00
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