SYNERGY INCOME FUND LIMITED - Changes to the board of directors and change of company secretary

Changes to the board of directors and change of company secretary

SYNERGY INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2007/032604/06)
JSE share code: SGA ISIN: ZAE000161550
JSE share code: SGB ISIN: ZAE000162293
(Approved as a REIT by the JSE)
(“Synergy”)


CHANGES TO THE BOARD OF DIRECTORS AND CHANGE OF COMPANY SECRETARY


Linked unitholders are advised of the following changes to the board of directors of Synergy (“the board”)
all of which are effective from 2 March 2015:

Messrs Maurice Mdlolo and Uys Meyer, both non-executive directors of Synergy have resigned from the
board. The board wishes to thank Messrs Mdlolo and Meyer for their valuable contributions to Synergy.

Messrs Laurence Gary Rapp and Michael John Potts have been appointed as non-executive directors to the
board with immediate effect.

Mr Martin Kuscus has stepped down as chairman of the board and Mr Rapp will assume the role as
non-executive chairman of the board. The board would like to thank Mr Kuscus for his leadership over the
years. As Mr Rapp is deemed to be non-independent in terms of King III, Mr Lizwi Mtumtum, currently an
independent non-executive director has been appointed as the lead independent non-executive director of
Synergy. Mr Kuscus has been appointed as a member of the Audit and Risk Committee

Linked unitholders are further advised that CIS Company Secretaries Proprietary Limited has resigned as
the company secretary and Mr Johann Neethling has been appointed as the company secretary with effect
from 2 March 2015.

3 March 2015                                                               www.synergyincomefund.com


Sponsor
Java Capital

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