OUTsurance GROUP LIMITED - Retirement of Youi Holdings Limited Chief Executive Officer

Retirement of Youi Holdings Limited Chief Executive Officer

OUTSURANCE GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2010/005770/06
ISIN: ZAE000314084
Share code: OUT
("OGL")

RETIREMENT OF YOUI HOLDINGS LIMITED CHIEF EXECUTIVE OFFICER

OGL is announcing the retirement of Hugo Schreuder, the CEO of Youi
Holdings Limited (Youi), at the end of June 2023. His retirement follows a
successful and dedicated 15-year tenure. Mr. Schreuder was the founding CEO
of Youi when the business launched as a greenfield in 2008 and has been
with the OUTsurance Group since 2003.

The Youi Board has been actively working for the past 12 months on a
succession plan and will announce Mr Schreuder's successor by the end of
February 2023. This timeline allows for an appropriate handover period and
seamless transition to ensure the delivery of favourable outcomes for
customers, employees and communities.

Mr Schreuder will join the Youi Board from the beginning of 2024 as a non-
executive director to support continuity.

We would like to take this opportunity to thank Hugo for his invaluable
contributions and dedication to the company. He has been instrumental in
building the Youi brand and establishing its position as a major challenger
in the Australian insurance market.

Hugo Schreuder said: "It has been a privilege to lead Youi and be part of
its growth and success over the past 15 years. I am proud of what we have
achieved together and am confident in the future of the company. I would
like to thank everyone who supported me throughout my tenure."

David Foster, Chairman of Youi, said: "On behalf of the Board of Directors,
I would like to extend our heartfelt gratitude to Hugo for his exceptional
leadership and unwavering commitment to Youi. He has been a visionary and a
true champion of the company. We wish him all the best in his future
endeavours."

Centurion
7 February 2023

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 07-02-2023 08:00:00
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