AFRICAN PHOENIX INVESTMENTS LIMITED - Appointment of Acting Chairman

Appointment of Acting Chairman

AFRICAN PHOENIX INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1946/021193/06)
Ordinary share code: AXL       ISIN: ZAE000030060
Hybrid instrument code: AXLP      ISIN: ZAE000065215
(“Phoenix” or “the Company”)


APPOINTMENT OF ACTING CHAIRMAN


Shareholders are referred to the “Change to the Board of Directors – Resignation of Directors”
announcement released on SENS on 19 July 2017 which stated, inter alia, that Mr Isaac Shongwe would
be resigning as an independent non-executive director and Chairman of the board of directors of Phoenix
(“the Board”) with effect from 31 July 2017 and that the Board has commenced the process of appointing a
new Chairman.

Shareholders are advised that Mr Morris Mthombeni, currently an independent non-executive director, has
been appointed as Acting Chairman of the Board with immediate effect. The process to appoint a
permanent Chairman of the Board is ongoing and shareholders will be advised once such appointment has
been made.


Johannesburg
31 July 2017

Sponsor
Merchantec Capital

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