Changes to the Board – Appointment of Independent Non-Executive Director and Chairman MASTER PLASTICS LIMITED Incorporated in the Republic of South Africa (Registration number 2016/323930/06) Share code: MAP ISIN: ZAE000242921 (“Master Plastics” or “the Company”) CHANGES TO THE BOARD – APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHAIRMAN In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of Master Plastics (“the Board”) hereby notifies its shareholders, that with immediate effect: - Mrs. Sibongile Masinga has been appointed as an Independent Non-Executive Director and Chairperson of the Audit Committee of the Company. Sibongile holds a Bachelor of Commerce degree with majors in Accounting and Financial management and has extensive experience in business, investments and finance. She is the co-founder of the Afropulse Group and has since 2006 served as the Chief Executive Officer of the Afropulse Group. Sibongile serves on a number of boards, including that of Bidvest. - Mr. Thabo Mokgatlha, currently an Independent Non-Executive Director, Chairman of the Audit Committee and Acting Chairman of the Board, has been appointed as Chairman of the Board and has accordingly resigned from his role as Chairman of the Audit Committee, to be filled by Sibongile. The Board wishes them well with their new roles in the Company. Johannesburg 13 October 2017 Designated Adviser Merchantec Capital Date: 13/10/2017 11:14:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.