PEREGRINE HOLDINGS LIMITED - Change to the board of directors

Change to the board of directors

PEREGRINE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1994/006026/06)
JSE share code: PGR ISIN: ZAE000078127
(“Peregrine” or “the company”)


CHANGE TO BOARD OF DIRECTORS


Shareholders are advised that, in accordance with article 6.1.4.1 of the company’s memorandum of
incorporation, Nomfanelo Magwentshu and Lungile Ndlovu are to retire from office at the annual general
meeting of the company to be held during October 2013 (“the upcoming AGM”). Nomfanelo and Lungile,
who have served as non-executive directors of the company since 1 July 2011, with Nomfanelo also being a
member of the audit committee, have both advised that, although being eligible, they will not be offering
themselves for re-election.

The board of directors thanks Nomfanelo and Lungile for their contribution over the years.

Subject to approval by shareholders at the upcoming AGM:

   -   it has been resolved not to fill the vacancy created by the retirement of Lungile; and
   -   in order to fill the vacancy created by the retirement of Nomfanelo, Stefaan Sithole, whose brief
       curriculum vitae is set out below, will be appointed as an independent non-executive director of the
       company, will serve on the audit committee and also be appointed as chairman of the social and
       ethics committee.

In 1991, Stefaan qualified as a Chartered Accountant after serving articles with Deloitte Haskins and Sell. He
then joined Anglo American Corporation as an Internal Auditor for a period of three years. Recruited by
SAB Beer Division for an executive financial position, Stefaan served as a Financial Manager at the Rosslyn
Brewery from 1992 to 1994. In 1995, he became a partner in a multi-national auditing firm, which was
renamed Fisher Hoffman Sithole.

In 2001 he became a partner at Sithole AB & T Incorporated and since 2002 he has been the managing
partner of Sithole Incorporated and Sithole SS Chartered Accountants.

Stefaan has served, and continues to serve, as chairman and member of numerous private and public sector
audit committees as well as trustee to various entities.

His relationship with Peregrine commenced in November 2006 when he became trustee of Peregrine’s three
empowerment trusts and was later appointed to the board of Nala Empowerment Investment Company and
Peregrine SA Holdings.

30 August 2013


Sponsor

Java Capital

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