DEVELOPMENT BANK OF SOUTHERN AFRICA - Board of Directors Update

Board of Directors – Update

Development Bank of Southern Africa Limited
Registration number: 1600157FN
JSE alpha code: DIDBS

Board of Directors – Update

By effluxion of time the term of office of the following non-executive
directors will be expiring on 31 December 2018:

Mr.   J   Moleketi – Chairman
Mr.   F   Baleni – Deputy Chairman
Ms.   M   Janse Van Rensburg
Ms.   M   Ngqaleni

The Shareholder process in respect of the appointment/reappointment of
Directors is expected to be completed by end February. As of 01 January
2019 and until this process is completed, the Board will therefore consist
of eleven (11) members. The Board remains properly constituted in terms of
the DBSA Act (13 of 1997, as amended) and can continue to perform and exercise
its fiduciary obligations effectively.

In order to ensure continuity and sound governance the Board has elected Mr.
Mark Swilling as Chairman. The Board has also reconstituted its sub-
committees to ensure that there is effective distribution of members to the
different Committees according to their respective skills sets. During this
interim period, the Board of the DBSA therefore remains both in form and in
substance,   structured  and   positioned   to  continue   to  execute   its
responsibilities with the expected level and duty of care.

The DBSA company secretary may be contacted at bathobiles@dbsa.org


10 December 2018
Debt sponsor: Nedbank CIB, a division of Nedbank Limited

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