METAIR INVESTMENTS LIMITED - Changes to the board and board committees

Changes to the board and board committees

METAIR INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1948/031013/06
ISIN: ZAE000090692
JSE and A2X share code: MTA
("Metair" or the "Company")

CHANGES TO THE BOARD AND BOARD COMMITTEES

In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders of Metair
("Shareholders") are advised that Mr George Ashford has been appointed as an independent non-
executive director of the Company, with effect from 10 October 2025. Mr Ashford holds a BA Honours
degree in European Business and French from Nottingham Business School, as well as a university
diploma (DUT) from the Grenoble University Institute of Technology (France).

He brings more than 30 years of international experience, having led businesses across the United
Kingdom (UK), Europe, the Middle East and Africa (EMEA) and the Asia-Pacific (APAC) regions, in
sectors including retail, quick service restaurants and automotive distribution. He spent 18 years on the
Global Executive Team of Inchcape PLC ("Inchcape"), where he served as Chief Executive Officer
("CEO") of Inchcape's UK and global used car retail operations from 2022 to 2024, the APAC region
from 2016 to 2020 and Australasia from 2011 to 2016. He was also the CEO of Toyota Belgium from
2008 to 2011. Prior to these roles, Mr Ashford spent 10 years at Yum Restaurants International (formerly
Pepsi Restaurants International), where he held several senior management positions.

Mr Ashford will also serve as Chairperson of the Investment Committee and as a member of the
Operations, Risk and Technology Committee. The Metair board of directors ("Board") welcomes
Mr Ashford and looks forward to his valuable contribution to the Company.

Shareholders are further advised that Mr Billy Mawasha has resigned as a non-executive director of the
Company with effect from 10 October 2025 and consequently stepped down as the Chairperson of the
Investment Committee and as a member of both the Audit Committee and the Operations, Risk and
Technology Committee. The Board thanks Mr Mawasha for his leadership, valuable service and
contribution to the Company during his tenure and wishes him well in his future endeavours.

Mr Manfred Muell has been appointed as member of the Audit Committee with immediate effect,
replacing Mr Mawasha.


10 October 2025
Johannesburg

Sponsor
One Capital

Date: 10-10-2025 04:10:00
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