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EXX: Changes To The Board
EXXARO RESOURCES LIMITED
Incorporated in the Republic of South Africa
(Registration Number: 2000/011076/06)
JSE share code: EXX
ISIN: ZAE000084992
ADR code: EXXAY
Bond Code: EXX04
ISIN No: ZAG000160326
Bond Code: EXX05
ISIN No: ZAG000160334
(“Exxaro” or the “Company”)
CHANGES TO THE BOARD
In compliance with paragraph 3.59 of the JSE Limited Listings Requirements and paragraph 6.39
of the Debt Listings Requirements, shareholders are hereby advised that following a thorough
recruitment and nomination process, the board of directors (“Board”) has approved the appointment
of Dr Pumla Mnganga, Ms Karin Ireton, Mr Billy Mawasha and Mr Ben Magara to the Board as
independent non-executive directors, with effect from 7 February 2022.
Dr Pumla Mnganga obtained her doctorate from the Wits Business School, her MBL from the
University of South Africa. She is the founder and Managing Director of Lehumo Women’s
Investment Holdings, a woman owned and managed investment holding company. Prior to this, she
was employed as an HRD/transformation executive for the Tongaat Hulett Group, and previously
as a change management senior consultant at Deloitte. Dr Mnganga was the Chairperson of the
University of KwaZulu Natal and the past chairperson of Siyazisa Trust, a large rural community.
She currently serves as an independent non-executive director on Altron Limited, Adcorp Holdings
Limited, Spar Group Limited and Novus Holdings.
Ms Karin Ireton holds a master’s degree in International Political Economy from the University of
Leeds and a number of career related courses. She is an international specialist in sustainability
issues. Karin has over 30 years of experience in sustainability matters, in coal power generation,
mining and banking sectors. She is currently an independent consultant focused on strategies for
growth, risk identification and management, transparency, and disclosure. A significant focus of her
current work is the impact of climate change on business and the need to reduce emissions and
adapt business strategies. Prior to this she was the Group Head of Sustainability for Standard Bank
Group and a Head of Sustainable Development for Anglo American Public Limited Company
Mr Billy Mawasha obtained a BSc Engineering (Electrical) degree from the University of Cape Town
and completed a number of career related and leadership courses. He is a certified director with
the Institute of directors of Southern Africa. Billy offers strong operational and technical leadership
experience in the mining sector as former Kumba Iron Ore head of operations and integration and
former Country Head of Rio Tinto in South Africa. He is the founder of an investment company, and
also provides strategic and technical leadership to his investee companies. He is currently a non-
executive director of Murray & Roberts Holdings Limited and Metair Investments Limited.
Mr Ben Magara holds a BSc (Mining Engineering) Honours degree. A mining veteran of over 30
years, including business leadership and operational management in both underground and surface
mining as well as soft and hard rock mining. Some of his past roles include the Executive Head
(Engineering and Projects) for Anglo American Platinum, and Chief Executive Officer of Anglo Coal
South Africa. Ben’s most recent role was Chief Executive of Lonmin Public Limited Company. His
previous board memberships include Anglo American South Africa, Foskor, Rustenburg Platinum
Mines and Chairman of Richards Bay Coal Terminal. He is the founder and chairman of Africa
Mining & Metals Group and current non-executive director of both The Weir Group Public Limited
Company and Grindrod Limited.
The board takes pleasure in extending a warm welcome to Dr Mnganga , Ms Ireton, Mr Mawasha
and Mr Magara and looks forward to their valuable contribution to the Group.
Shareholders are further advised that at the Annual General Meeting (“AGM”) to be held on 25
May 2022, Mr Erasmus Jacobus Myburgh will retire as a director and chairman of the
remuneration, and member of the audit and risk and business resilience committees effective on
that date. Mr Myburgh was appointed to the board as an independent non-executive director in
September 2016. The Board wishes to extend its gratitude to him for his valuable and outstanding
contribution to Exxaro over the years.
The board considers succession planning and board refreshment as a key element for a sustainable
company.
AT Ndoni
Group Company Secretary
3 February 2022
Lead Sponsor to Exxaro Resources Limited
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Joint Equity Sponsor to Exxaro Resources Limited
Tamela Holdings Proprietary Limited
Date: 03-02-2022 01:00:00
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