PEMBURY LIFESTYLE GROUP LIMITED - Changes to the Board Resignation of Directors and Board Committees Update

Changes to the Board – Resignation of Directors and Board Committees Update

PEMBURY LIFESTYLE GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 2013/205899/06)
Share code: PEM    ISIN: ZAE000222949
(“Pembury” or “the Company”)


CHANGES TO THE BOARD – RESIGNATION OF DIRECTORS AND BOARD COMMITTEES UPDATE


In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the board of
directors of Pembury (“the Board”) hereby notifies its shareholders of the following:

-   Mr Lourens Brits has resigned as an independent non-executive director with effect from
    14 September 2021; and

-   Ms Michelle Krastanov has resigned as an independent non-executive director and chairperson of
    the Board with effect from 21 September 2021 following a handover to the incoming Board.

The Board thanks Lourens and Michelle for their contribution to the Company and wishes them well in
their future endeavours. They will remain available to assist the Company in the continued turnaround
of the Company.

Shareholders are advised that Professor Mazwe Majola, an independent non-executive director, has
been appointed as the chairperson of the Board with effect from 21 September 2021.

Further to the ‘Changes to the Board’ announcement released on SENS on 26 August 2021,
shareholders are hereby notified that, the composition of the various Board Committees is as follows:

-   Audit and Risk Committee
    Mr Boy Ngubo (Chairman), Professor Mazwe Majola, Mr Bernhard Eigenhuis

-   Social, Ethics and Transformation Committee
    Mr Bernhard Eigenhuis (Chairman), Ms Precious Gondwe, Mr Jaco Labuschagne

-   Remuneration Committee
    Ms Precious Gondwe (Chairman), Mr Bernhard Eigenhuis, Professor Mazwe Majola


Johannesburg
21 September 2021

Designated Adviser
Merchantec Capital

Date: 21-09-2021 04:30:00
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