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Board and committee changes
Alexander Forbes Group Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2006/025226/06)
ISIN: ZAE000191516
Share Code: AFH
("the Company" or "Alexander Forbes")
BOARD AND COMMITTEE CHANGES
In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders are
advised that Mr Nigel George Payne has been appointed as an independent non-executive director
of the Company, chair of the Group Risk and Audit Committee and member of the Capital
Oversight Committee with effect from 1 May 2018. He will also be appointed as a director and
Audit Committee chair of a number of Alexander Forbes subsidiary companies.
Mr Payne is a Chartered Accountant whose early career was in professional services at KPMG,
followed by eight years as head of Transnet’s internal audit function before leaving to establish his
own corporate governance and risk management advisory practice. He has been a professional
director for 15 years, serving on the boards of several listed and unlisted companies and has
significant experience in financial services and capital markets. Mr Payne is currently the chair of
Mr Price Group Limited. He also serves on the board of the JSE Limited and as chair of their Audit
committee and member of the Risk and Self-Regulatory Organisation committees.
Mr Payne is a former member of the King Committee on Corporate Governance and was
responsible for the Risk Management chapter in King 2. He has also served on the international
board of the Institute of Internal Auditors.
The board welcomes Mr Payne and looks forward to his contribution to Alexander Forbes as it
delivers on its strategy of being a globally distinctive Pan-African financial services company.
Several other committee changes have been effected as follows:
Mr AA Darfoor: Member of the Social, Ethics and Transformation and Technology Modernisation
Committees, effective 8 March and 12 February 2018 respectively.
Mr RM Head: Chair of the Technology Modernisation and Group Capital Oversight Committees,
effective 12 February and 8 March 2018 respectively.
Ms BJ Memela-Khambula: Chair of the Social, Ethics and Transformation Committee, effective 8
March 2018.
Mr S O’Regan: Member of the Technology Modernisation Committee, effective 8 March 2018.
Ms Marilyn Ramplin: Member of the Risk and Audit and Capital Oversight Committees, effective 8
March 2018.
Carina Wessels
Group General Counsel and Company Secretary
19 April 2018
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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