OCTODEC INVESTMENTS LIMITED - Changes to the board and reconstitution of board committees

Changes to the board and reconstitution of board committees

OCTODEC INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1956/002868/06)
JSE share code: OCT ISIN: ZAE000192258
(Approved as a REIT by the JSE)
(“Octodec” or “the company”)


CHANGES TO THE BOARD OF DIRECTORS AND RECONSTITUTION OF BOARD COMMITTEES


Octodec is pleased to advise that Ms Euniccah Maggie Sethololo Mmojapelo (Maggie) and Mr Louis Pieter
van Breda (Louis) have been appointed as independent non-executive directors of Octodec, with effect from
1 March 2020.

Maggie, BA (Hons) (Education), MAP, Dip HR, MBA, is the founder and an executive director of The HR
Touch, a human resources consulting and business management company founded in 2011. Maggie is
currently chairperson of Edge Growth Business Development Proprietary Limited and chairperson of the
remuneration committee of Rand Mutual Assurance Company Limited. Maggie has previously served as
Human Resources Director of Coca-Cola South Africa, Nedbank and Avon Justine South Africa and
chairperson of the remuneration committee of the City of Joburg Property Company (SOC) Limited. Her
previous board positions include the COJ Department of Transport – Rea Vaya, Metrobus, the South African
Revenue Service and ABC Ventilation Systems South Africa Proprietary Limited. She is a member of the
Institute of Personnel Management, the Institute of Directors Southern Africa and a Sirdar Governance
panellist. In addition to her appointment to the Octodec board of directors (“the Board”) Maggie will be
appointed as a member of the Social, Ethics, Remuneration and Transformation Committee.

Louis, CA(SA), was a senior assurance partner at Ernst & Young, Johannesburg for over 30 years until his
retirement in June 2017. He is currently the independent chairman of the audit committees of Nkomati Nickel
(a joint venture between African Rainbow Minerals Limited and Norilsk Nickel) and ARM Coal (a joint
venture between African Rainbow Minerals Limited and Glencore Plc). Louis has extensive financial
reporting, audit, risk, governance, sustainability and advisory experience. He has deep sector knowledge and
experience in construction and real estate, manufacturing and engineering, aerospace and defence and mining
and metals. In addition to his appointment to the Board, Louis will be appointed as a member of the Audit
Committee and the Risk Committee.

Following the appointment of Maggie and Louis, the Board has resolved to reconstitute the Board Committees
with effect from 1 March 2020 as further detailed below.

Mr Myron Pollack will resign from his position as a member of the Audit Committee and Mr Pieter Strydom
will resign from his position as a member of the Social, Ethics, Remuneration and Transformation Committee.
Both Myron and Pieter will remain on the Board as non-executive directors.

Following these changes, the various Board Committees will comprise:

Audit Committee, which will comprise of independent non-executive directors, being:
   - Pieter Strydom (Chairman of the Audit Committee)
   - Derek Cohen
   - Gerard Kemp
   - Louis van Breda

Risk Committee:
   - Pieter Strydom (Chairman of the Risk Committee)
   - Derek Cohen
   - Gerard Kemp
   - Myron Pollack
   - Anthony Stein
   - Louis van Breda
   - Sharon Wapnick
   - Jeffrey Wapnick

Social, Ethics, Remuneration and Transformation Committee:
   - Gerard Kemp (Chairman of the Social, Ethics, Remuneration and Transformation Committee)
   - Derek Cohen
   - Maggie Mojapelo
   - Myron Pollack
   - Sharon Wapnick

Nominations Committee:
  - Derek Cohen (Chairman of the Nominations Committee)
  - Gerard Kemp
  - Myron Pollack
  - Pieter Strydom
  - Sharon Wapnick

The Board thanks Myron and Pieter for their invaluable contributions as members of the Audit and Social,
Ethics, Remuneration and Transformation Committees respectively over the years; and welcomes Maggie and
Louis to the Board.

Sharon Wapnick, chairman of the Board, commented: “We are pleased to announce the appointments of
Maggie and Louis, whose vast experience and extensive knowledge will prove invaluable to the Board. The
Board looks forward to working with them.”

28 February 2020


Sponsor
Java Capital

Date: 28-02-2020 05:15:00
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