COMAIR LIMITED - Resignation of Director and Appointment of Executives

Resignation of Director and Appointment of Executives

Comair Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1967/006783/06)
ISIN: ZAE00002983
Share Code: COM
(“Comair” or “the Company”)

RESIGNATION OF DIRECTOR AND APPOINTMENT OF EXECUTIVES

In accordance with paragraph 3.59(b) of the JSE Limited Listings Requirements, the board of
directors of the Company (“the Board”) wishes to advise that Ms Wrenelle Stander has
stepped down as Chief Executive Officer of the Company and Executive Director of the Board
effective 30 November 2020.

The Board would like to thank Ms Stander for her invaluable contribution to the Company over
the past two years and especially for the hard work, commitment and outstanding leadership
she provided during the period of the COVID 19 Pandemic and Business Rescue Process.
The Directors and the business rescue practitioners wish her every success in her new
endeavours.

Mr Glenn Orsmond has been appointed as the new Chief Executive Officer and Ms Kirsten
King as Chief Financial Officer.

Bonaero Park
30 November 2020

Sponsor
PSG Capital

IMPORTANT NOTICE TO FOREIGN SHAREHOLDERS AND PROSPECTIVE INVESTORS

FOREIGN SHAREHOLDERS AND PROSPECTIVE INVESTORS IN COMAIR LIMITED (“COMAIR”) SHOULD
NOTE THAT, IN ORDER TO ENABLE COMAIR (AS A LICENSED AIR SERVICES OPERATOR IN SOUTH
AFRICA) TO REMAIN COMPLIANT WITH THE FOREIGN OWNERSHIP RESTRICTION CONTAINED
SECTIONS 16(4)(c) AND 19(a) OF THE AIR SERVICES LICENSING ACT, NO. 115 OF 1990, THE VOTING
RIGHTS OF FOREIGN SHAREHOLDERS MAY BE DECREASED PROPORTIONATELY SUCH THAT THE
VOTING RIGHTS OF FOREIGN SHAREHOLDERS DO NOT, IN AGGREGATE, EXCEED 24.99%. FOREIGN
SHAREHOLDERS AND PROSPECTIVE INVESTORS ARE REFERRED TO THE COMAIR’S MEMORANDUM OF
INCORPORATION AND WEBSITE (www.comair.co.za) FOR FURTHER DETAILS. IF FOREIGN
SHAREHOLDERS OR PROSPECTIVE INVESTORS ARE IN ANY DOUBT AS TO WHAT ACTION TO TAKE THEY
SHOULD SEEK ADVICE FROM THEIR BROKER, ATTORNEY OR OTHER PROFESSIONAL ADVISER.

Date: 30-11-2020 11:27:00
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