ADAPT IT HOLDINGS LIMITED - Change to the Board of Directors Appointment of a Director and Change in Function of a Director

Change to the Board of Directors – Appointment of a Director and Change in Function of a Director

Adapt IT Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 1998/017276/06 )
Share code: ADI ISIN: ZAE000113163
(“Adapt IT” or “the Company”)


CHANGE TO THE BOARD OF DIRECTORS – APPOINTMENT OF A DIRECTOR AND CHANGE IN FUNCTION OF A DIRECTOR



In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of
Adapt IT (“the Board”) hereby notifies its shareholders that Ms Nombali Mbambo has been appointed as an
executive director and the Chief Financial Officer (“CFO”) of Adapt IT with effect from 18 August 2016.

Ms Mbambo is a Chartered Accountant who completed her articles at Ernst & Young prior to joining
Alexander Forbes as an accounting specialist. Thereafter, Ms Mbambo joined the debt capital market team
at ABSA Capital, later moving to the loan capital market team where she was responsible for originating,
structuring and executing corporate loan facilities. From 2013 up until joining Adapt IT in March 2016 as CFO
elect, Ms Mbambo was employed at Unilever, where she fulfilled, inter alia, the role of Finance Business
Partner involved in strategic decision-making and financial management.

Following Ms Mbambo’s appointment as CFO, Ms Tiffany Dunsdon will resume her former role as
Commercial Director of the Company and Managing Director of International operations.

The Board looks forward to Ms Mbambo’s contributions to the Company in her new role, and thanks Ms
Dunsdon for her commitment and service to Adapt IT to date.

Johannesburg
18 August 2016


Sponsor
Merchantec Capital

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