BELL EQUIPMENT LIMITED - Change in the function of an Alternate Director and Board Committee Change

Change in the function of an Alternate Director and Board Committee Change

BELL EQUIPMENT LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1968/013656/06
ISIN: ZAE000028304
Share Code: BEL
(“the Company”)

CHANGE IN THE FUNCTION OF AN ALTERNATE DIRECTOR AND BOARD COMMITTEE
CHANGE

In accordance with paragraph 6.71 of the Listings Requirements of
the JSE Limited, shareholders are advised that with immediate
effect, Mr Stephen Jones, who was the alternate executive director
to Mr Ashley Bell in his position as chief executive, has been
appointed as an alternate executive director to Mr Izak van
Niekerk, the newly appointed chief executive.

Shareholders are further advised that with immediate effect:
  -  Mr Ashley Bell, in his capacity as a non-executive director,
     having resigned as chief executive with effect from 31 August
     2026, will serve as a member of the Risk and Sustainability
     Committee.

  -  Mr Izak van Niekerk, in his capacity as chief executive, will
     serve as a member of the Risk and Sustainability Committee
     and the Social, Ethics and Transformation Committee.

With effect from 3 September 2026, the Board committees shall be
constituted as follows:

  1. Audit Committee:
     Harish Ramsumer (Chairman), Rajendran Naidu, Mamokete Ramathe
     and Ushadevi Maharaj.

  2. Risk & Sustainability Committee:
     Hennie van der Merwe (Chairman), Ushadevi Maharaj, Shane
     Fitzpatrick, Gary Bell, Ashley Bell, Izak van Niekerk (chief
     executive) and Karen van Haght (group finance director).

  3. Nominations Committee:
     Hennie van der Merwe (Chairman), Rajendran Naidu, Mamokete
     Ramathe and Gary Bell.

  4. Social, Ethics and Transformation Committee:
     Mamokete Ramathe (Chairman), Rajendran Naidu, Gary Bell, Izak
     van Niekerk (chief executive) and Karen van Haght (group
     finance director).
  5. Remuneration Committee:
     Rajendran Naidu (Chairman), Gary Bell and Harish Ramsumer.


Richards Bay
03 September 2026
Sponsor: INVESTEC BANK LIMITED
Date: 03/09/2026 02:15:00
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