COMAIR LIMITED - Appointment of Directors

Appointment of Directors

Comair Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1967/006783/06)
ISIN: ZAE00002983
Share Code: COM
(“Comair” or “the Company”)

APPOINTMENT OF DIRECTORS

In accordance with paragraph 3.59(a) of the JSE Limited Listings Requirements, the board of
directors of the Company (“the Board”) is pleased to advise shareholders that Mr Pieter van
Hoven and Mr Glenn Orsmond have been appointed as directors of the Company with
immediate effect. In terms of the appointments, Mr van Hoven will serve the Company as an
Independent Non-Executive Director and Mr Orsmond has been appointed as an Executive
Director of the Company.

Mr Pieter van Hoven has been associated with the Company for almost 55 years. After 41
years with the Company, he retired and thereafter served as an Independent Non-Executive
Director on the Board for six years. In 2012, Mr van Hoven was appointed as Independent
Non-Executive Chairman of the Board, providing invaluable leadership and expertise in this
capacity, before stepping down in August 2019. In January 2020, he resigned as a director of
the Company.

Mr Orsmond has over 25 years of experience in an executive capacity in the airline industry.
He has also served as Financial Director of two JSE listed entities, namely the Company and
1 Time Airlines Limited. During 2019/2020 he occupied the Company positions of Joint CEO
and CEO Airlines. Mr Orsmond holds a BCom degree and CA (SA) qualification.

The Board congratulates Mr van Hoven and Mr Orsmond on their appointment and look
forward to the contribution they will make to rebuilding the Company.

Bonaero Park
05 February 2021

Sponsor
PSG Capital

IMPORTANT NOTICE TO FOREIGN SHAREHOLDERS AND PROSPECTIVE INVESTORS

FOREIGN SHAREHOLDERS AND PROSPECTIVE INVESTORS IN COMAIR LIMITED (“COMAIR”) SHOULD
NOTE THAT, IN ORDER TO ENABLE COMAIR (AS A LICENSED AIR SERVICES OPERATOR IN SOUTH
AFRICA) TO REMAIN COMPLIANT WITH THE FOREIGN OWNERSHIP RESTRICTION CONTAINED
SECTIONS 16(4)(c) AND 19(a) OF THE AIR SERVICES LICENSING ACT, NO. 115 OF 1990, THE VOTING
RIGHTS OF FOREIGN SHAREHOLDERS MAY BE DECREASED PROPORTIONATELY SUCH THAT THE
VOTING RIGHTS OF FOREIGN SHAREHOLDERS DO NOT, IN AGGREGATE, EXCEED 24.99%. FOREIGN
SHAREHOLDERS AND PROSPECTIVE INVESTORS ARE REFERRED TO THE COMAIR’S MEMORANDUM OF
INCORPORATION AND WEBSITE (www.comair.co.za) FOR FURTHER DETAILS. IF FOREIGN
SHAREHOLDERS OR PROSPECTIVE INVESTORS ARE IN ANY DOUBT AS TO WHAT ACTION TO TAKE THEY
SHOULD SEEK ADVICE FROM THEIR BROKER, ATTORNEY OR OTHER PROFESSIONAL ADVISER.

Date: 05-02-2021 03:49:00
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