NU-WORLD HOLDINGS LIMITED - Changes to the Board and Board sub-committees

Changes to the Board and Board sub-committees

NU-WORLD HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1968/002490/06)
Share Code: NWL ISIN code: ZAE000005070
(“Nu-World” or “the Company” or “the Group”)


CHANGES TO THE BOARD AND BOARD SUB-COMMITTEES

Shareholders are advised that Mr Michael Goldberg, the current Non-Executive Chairman of the Company, has advised
the board of directors of Nu-World (“Board”) that he will retire as a Director of the Company, with effect from
30 September 2026. Mr Goldberg will accordingly step down as Chairman of the Company’s Risk Management
Committee and as a member of the Company’s Audit, Social and Ethics and Remuneration Committees, on the same
date.

The Board thanks Mr Goldberg for his many years of service and for his valuable contribution to the Group and wishes
him well in his retirement.

Shareholders are further advised that, with effect from 1 October 2026:

    -   Ms Buhle Hanise has been appointed as an Independent Non-Executive Director of the Company and as
        Chairperson of the Company’s Audit Committee and as a member of the Company’s Social and Ethics, Risk
        Management and Remuneration Committees;
    -   Mr Amos Mboweni, an Independent Non-Executive Director of the Company, has been appointed as Chairman
        of the Board and will step-down as Chairman (but remain a member) of the Company’s Audit Committee.

Ms Hanise is a Chartered Accountant (South Africa) with more than twenty years' experience in finance, credit and
business restructuring. She served most recently as National Head of Business Restructuring at BDO South Africa,
having previously been the Chief Operating Officer of Business Restructuring at BDO South Africa, Chief Financial
Officer of Beijing Automotive Group Co. SA, a senior business rescue specialist and team leader at the Industrial
Development Corporation, and a credit manager at Standard Bank and Nedbank. Ms Hanise is chair of Summit Africa
Private Equity and a member of the investment committee of Mahlako Financial Services. Ms Hanise previously served
as a Non-Executive Director of OUTsurance Holdings Limited and Transaction Capital Limited.

The Board confirms that, in compliance with the JSE Listings Requirements, a fit and proper assessment has been
conducted in respect of Ms Hanise and the Board is satisfied with the outcome of the assessment. Additionally, in
compliance with the JSE Listings Requirements, the Company confirms that there are no positive statements to report
in respect of the integrity information contained in the director’s declaration of Ms Hanise.

The Board welcomes Ms Hanise and looks forward to her contribution to the Group.

Johannesburg
16 September 2026


JSE Sponsor to Nu-World
Questco Corporate Advisory Proprietary Limited
Date: 16/09/2026 04:16:00
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