SAFARI INVESTMENTS (RSA) LIMITED - CEO Retirement and Board Changes

CEO Retirement and Board Changes

SAFARI INVESTMENTS RSA LIMITED
Approved as a REIT by the JSE Limited
(Incorporated in the Republic of South Africa)
(Registration number 2000/015002/06)
Share code:SAR ISIN: ZAE000188280
(“Safari” or “the Company”)

CEO RETIREMENT AND BOARD CHANGES

Notwithstanding the SENS announcement on 18 September 2018, Francois Marais has
decided to retire as Chief Executive Officer of the company with immediate effect. Francois
experienced a family bereavement during the course of the year and as a result requested
the board to expedite his retirement. The board resolved to accelerate the succession plan
as outlined in the SENS of 18 September and has appointed Dirk Engelbrecht as Chief
Executive Officer with immediate effect. Dirk has been with Safari for five years and has
been working very closely with Francois during this period. He will be supported by the
highly skilled and mature leadership team and the board. Dirk advised that “I am looking
forward to this new and exciting role in Safari fully appreciating the void Francois will leave
behind but also very enthusiastic to lead this excellent team ensuring that Safari continues to
grow”.

Francois has been appointed as the non-executive chairman of the board of directors with
immediate effect. Dr Philip Snyman, the current chairman will remain as an independent
non-executive director and Francois will be supported by the lead independent non-
executive director, Allan Wentzel.

Safari is deeply indebted and grateful for the contribution made by Francois to the company,
extend heartfelt condolences to the entire Marais family and wish him well in his retirement.

Francois has had a long and successful career and advised, “I have thoroughly enjoyed
working with the board and the management team and hope that I am able to continue to
contribute to the success of Safari in my retirement as non-executive chairman. I have the
utmost confidence in Dirk and can ensure shareholders that he will make a success of his
new role and continue to strengthen Safari in the future”.

Pretoria
7 November 2018

Sponsor
PSG Capital

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