ALEXANDER FORBES GROUP HOLDINGS LIMITED - Director, committee and subsidiary director changes

Director, committee and subsidiary director changes

Alexander Forbes Group Holdings Limited
(Incorporated in the Republic of South Africa)
Registration Number: 2006/025226/06
JSE Share Code: AFH and ISIN: ZAE000191516
(Alexander Forbes or the Company)

DIRECTOR, COMMITTEE AND SUBSIDIARY DIRECTOR CHANGES

In compliance with paragraph 3.59 of the JSE Limited Listings Requirements shareholders of the Company
are advised that Mr Andile Mazwai has been appointed as an independent non-executive director and
member of the Audit and Risk Committee of the Company with effect from 9 November 2020.

Mr Mazwai is a stockbroker, holds a BCom (hons) degree and is the founder and Chief Executive Officer
(CEO) of iKhala Property Fund, a private equity property fund. He has over 26 years’ professional
experience and 17 years’ board experience spread across diverse industries. He previously, inter alia,
served as CEO of Rebosis Property Fund, The National Stokvel Association of South Africa and Barnard
Jacobs Mellet. His non-executive positions have included chair of the JSE Limited’s Investment Committee,
its Regulatory Oversight Committee and member of its Audit, Risk, Human Resources, Social and Ethics
committees, as well as trustee of its Educational Fund.

The Board welcomes Mr Mazwai and looks forward to his contribution.

Shareholders are further advised of the following additional changes to Committees and the subsidiary
responsibilities of the Company’s non-executive directors:
• Mr T Dloti will resign as an Audit and Risk Committee member following the appointment of Mr Mazwai
  with effect from 9 November 2020.
• Ms M Ramplin will resign as director and chair of Alexander Forbes Investments Limited (AFIL) and
  Alexander Forbes Life Limited (AF Life) and will be replaced as chair on both boards by Mr NG Payne
  with effect from 9 November 2020.
• Ms Ramplin will also resign as director and chair of Alexander Forbes Investments Unit Trusts Limited
  (AFIUT) and similarly be replaced by Mr Payne, to be appointed director and chair of AFIUT with effect
  from the date on which all regulatory pre-approvals for such appointment are obtained.

The Board thanks Mr Dloti and Ms Ramplin for their service and dedication to the respective committee and
subsidiary boards and wishes Mr Payne well for the additional responsibilities.

Carina Wessels
Executive: Governance, Legal and Compliance

4 November 2020
Sandton

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)


Date: 04-11-2020 03:30:00
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