GROUP FIVE LIMITED - Changes to the board of directors

Changes to the board of directors

Group Five Limited
(Registration number: 1969/000032/06)
(Incorporated in the Republic of South Africa)
Share Code: GRF ISIN Code: ZAE 000027405
("Group Five" or “the company”)

Changes to the board of directors

In accordance with paragraph 3.59(a) of the JSE Limited Listings Requirements, shareholders are advised
that Mrs Babalwa Ngonyama and Messrs Justin Chinyanta, Willem Louw, Vincent Rague and Mark
Thompson have been appointed as non–executive directors of the company with effect from 1 April
2014. These director appointments are made to replace recent retirements and with due consideration
of the skills required for the group’s growth strategies.

Mrs Ngonyama is a chartered accountant with extensive experience in the auditing, finance and mining
industries. Mrs Ngonyama also has several business interests and actively participates in numerous
national forums on economic growth and development. She currently serves as a member of the boards
and audit committees of Implats Limited, Barloworld Limited and Evraz Highveld Steel Limited. Mrs
Ngonyama is appointed as an independent non-executive director who brings auditing and financial
experience to the board.

Mr Justin Chinyanta is the founder and Chairman of the Loita Group (Loita Holdings Corporation Africa),
a pan-African investment banking firm based in Mauritius. A lawyer by profession, Mr Chinyanta is a
specialist in the financial markets of Sub-Saharan Africa with extensive experience in the commercial
and investment banking industries in Africa. Mr Chinyanta is appointed as an independent non-
executive director who brings strong commercial and project finance experience to the board.

Mr Willem Louw is a civil engineer with extensive project management (capital projects) and new
business development experience in the energy and chemical industry, both locally and cross border.
Mr Louw currently serves as a director of the Centre for the Business Management of Projects with the
University of Stellenbosch Business School – Executive Development (USB-ED). Mr Louw is appointed as
an independent non-executive director who brings relevant industrial and engineering experience to the
board.

Mr Vincent Rague is the co-founder and Chairman of the Supervisory Board of Catalyst Principal
Partners, a private equity group based in Nairobi, Kenya. His extensive experience in advisory services,
investments, project and corporate finance as well as banking, spans Latin America, Europe, Africa and
Asia. He currently serves as an independent non-executive director of Kenya Airways, Sanlam Africa
Core, the Pan Africa Infrastructure Development Fund (PAIDF) and GuarantCo. Mr Rague is appointed as
an independent non-executive director who brings investment, project and corporate finance
experience to the board.

Mr Mark Thompson is both a qualified lawyer and chartered accountant with extensive international
finance and general business experience amassed during his tenure as chief financial officer with Sappi
Limited and prior career appointments. Mr Thompson currently serves as a non-executive member of
the Rand Merchant Bank’s audit committee and sits as a non-executive member of Firstrand Banking
Group’s Corporate and Investment Banking Credit Committee. Mr Thompson is appointed as
independent non-executive director who brings accounting and corporate financial management
experience to the board.

Executive Committee Change

Shareholders are in accordance with paragraph 3.59(c) of the JSE Limited Listings Requirements, advised
of the appointment of Jesse Doorasamy as the Group Human Resources Director and member to the
executive committee with immediate effect.

Sandton
2 April, 2014

Sponsor
Nedbank Capital

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