TRANSNET SOC LIMITED - BITRA-Acting CFO Changes

BITRA-Acting CFO Changes

TRANSNET SOC Limited

Issuer Code: BITRA

(“TRANSNET”)

Appointment of Acting Chief Financial Officer

Noteholders are hereby advised of the departure of the Acting Group Chief Financial Officer,
Mohammed Mahomedy and the appointment of Mark Gregg-Macdonald as the new Acting Chief
Financial Officer.

Transnet’s Chairperson, Dr Popo Molefe said: “Mahomedy steered Transnet through some
turbulent times, and leaves a legacy of good governance and sound financial systems.”

“His contribution to the Zondo Commission of Inquiry into State Capture provided great insight
into the impact of state capture at Transnet, and showed how he and others played a sterling
role in fighting corruption,” added Molefe.

Mr Mark Gregg-Macdonald will act as Group Chief Financial Officer whilst the process of
recruiting a permanent GCFO is underway.

The Board would like to thank Mr Mahomedy for his contribution and wishes him well in all
future endeavours.

26 March 2020

Debt Sponsor

The Standard Bank of South Africa Limited

Date: 26-03-2020 01:49:00
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.