MUSTEK LIMITED - Changes to the board of directors

Changes to the board of directors

MUSTEK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/070161/06)
Share Code: MST ISIN: ZAE000012373
(“Mustek” or “the company”)

Changes to the board of directors

In terms of section 3.59 of the Listings Requirements of the JSE Limited, shareholders are advised of the
following:

. Ms Lindani Dhlamini has been appointed to the Mustek board as an independent non-executive director
  and also as a member of the audit and risk committee effective 4 December 2015.
. Dr Len Konar has resigned as independent non-executive chairman on 4 December 2015. Dr Mdu Gama,
  an existing independent non-executive director, will be appointed as interim chairman until a suitable
  chairman is found.

Ms Lindani Dhlamini is a chartered accountant with over 20 years’ experience. She is the co-founder and the
chief executive officer of SekelaXabiso as well as the chairperson of SkX Financial Services. She has in the
past years continually entrenched herself as a seasoned entrepreneur and business leader through serving on
various boards such as the Industrial Development Corporation of SA, Old Mutual Investment Group SA,
Old Mutual MS Life, and Old Mutual Health. In previous years, she also served as a trustee of the South
African Catering and Allied Workers’ Union Provident Fund while it was under curatorship in 2007 and
served on the board of Nuclear Energy Corporation from 2002 to 2004.

The board would like to thank Dr Len Konar for his continued contributions to the board and wishes him
success with his future endeavours.

The audit and risk committee will now comprise Mr Ralph Patmore (chairman), Dr Mdu Gama and Ms
Lindani Dhlamini, three independent non-executive directors.

Following the resignation of Dr Len Konar, the remuneration and nomination committee will comprise Mr
Ralph Patmore (chairman) and Dr Mdu Gama. In his capacity as interim chairman of Mustek, Dr Mdu Gama
will act as chairman when nomination matters are discussed. Dr Mdu Gama will also be appointed as
independent chairman of the social and ethics committee.

The composition of the board and sub-committees will be reviewed once a suitable chairman of Mustek is
appointed.

Midrand
7 December 2015

Sponsor
Deloitte & Touche Sponsor Services Proprietary Limited

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