ADVTECH LIMITED - Notification of change in external auditors

Notification of change in external auditors

ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share code: ADH         ISIN: ZAE000031035
("ADvTECH” or “the Company”)


NOTIFICATION OF CHANGE IN EXTERNAL AUDITORS


Pursuant to paragraph 3.75 of the JSE Listings Requirements, the ADvTECH Limited Board, following
a recommendation from the Audit and Risk Committee, wishes to inform Shareholders that after a
formal tender process to appoint a new firm of external auditors, Ernst & Young Inc. (‘’EY”) have been
appointed as the Company’s external auditors, with Charles Trollope as the designated audit partner
for the financial year ending 31 December 2021.


Deloitte & Touche’s appointment as external auditors will end on conclusion of its responsibilities
relating to the 31 December 2020 financial year-end audit, which is expected to be concluded during
the first quarter of the 2021 calendar year. EY’s appointment as external auditor will be effective
immediately after Deloitte & Touche’s appointment ends, subject to receiving the requisite shareholder
approval at the next annual general meeting, expected to be held on 27 May 2021.


Shareholders are referred to the Notice of Annual General Meeting published on SENS on 30 April
2020, wherein the Company disclosed its reasons for auditor rotation owing to tenure and the upcoming
rotation of the audit partner in 2021. The decision to change auditors was not the result of any
disagreement between the Company and Deloitte & Touche on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure.


30 November 2020
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 30-11-2020 11:57:00
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