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
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 hereby advised of the following changes to the board of directors of
Metair (“Board”) and the Company’s audit and risk committee.

Resignation from the Board, audit and risk committee and investment committee

As a result of Ms Grathel Motau’s recent appointment in an executive role at Thebe Investments
Holdings with effect from 1 September 2020, Ms Motau has tendered her resignation as an
independent non-executive director of the Company, and consequently, her position as a member
of the Company’s audit and risk committee as well as the investment committee, with effect from
31 December 2020.
The Board would like to express its gratitudte to Ms Motau for her valuable contribution to the
Company during her tenure and wishes her well in her future endeavours.

Appointment to the Board and audit and risk committee

Ms Alupheli Sithebe and Mr Peter Giliam have been appointed as independent non-executive
directors of the Company, with effect from 1 January 2021 and 1 May 2021, respectively. Ms
Sithebe has also been appointed as a member of the audit and risk committee with effect from
1 January 2021.

Ms Sithebe is a qualified Chartered Accountant (South Africa) through EY and holds an MBA
from GIBS and a BCom.Acc (Hons) from RAU. Ms Sithebe has over a decade of experience in
mergers and acquisitions (M&As) and corporate finance from a wide range of clients primarily in
the industrials value chain. Ms Sithebe was most recently a principal at African Phoenix
Investments Limited, a senior associate at Senatla Capital and senior dealmaker at the Industrial
Development Corporation of South Africa (IDC) prior to this role. Ms Sithebe is currently the
founder and managing director of Kamva Investments and has experience in various non-
executive directorship positions.

Mr Giliam holds a B.Eng (Hons) in Automotive, Project Management and a Bachelor in
Mechanical Engineering from the University of Pretoria. Mr Giliam is currently the managing
director of Robertson and Caine Proprietary Limited and has a wealth of experience in the
automative industry, gained through various senior roles, including, inter alia, project director at
Jaguar Land Rover U.K, vice president at BMW Group and plant coordinator of Metalsa South
Africa.

The Board looks forward to welcoming Ms Sithebe and Mr Giliam next year and to their
contribution to the Company.

Johannesburg
30 October 2020

Sponsor
One Capital

Date: 30-10-2020 04:33:00
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