DEVELOPMENT BANK OF SOUTHERN AFRICA - DIDBS - Board and Committee changes and a new Executive Appointment

DIDBS - Board and Committee changes and a new Executive Appointment

Development Bank of Southern Africa Limited
(reconstituted and incorporated in terms of section 2 of the Development Bank of Southern Africa Act,
1997)
Registration number: 1600157FN
JSE company code: DIDBS
LEI code: 25490071AZ4HOFUNIH94
(“DBSA or the “Bank”)


BOARD AND COMMITTEE CHANGES AND A NEW EXECUTIVE APPOINTMENT

BOARD AND COMMITTEE CHANGES

Noteholders are advised that Ms. Zanele Monnakgotla has resigned as an independent non-executive
director of the board of DBSA with effect from 9 February 2021 for personal reasons. The board of
directors expresses its appreciation for her valuable contribution to the Bank and wishes Ms. Zanele
Monnakgotla well with her future endeavours. As a result of the resignation, Ms. Zanele Monnakgotla
will no longer serve as the Chair of the Social and Ethics Committee, a member of the Audit and Risk
Committee and a member of the Credit and Investment Commitee. The Chair of the Social and Ethics
Committee will be announced on SENS once the appointment has been finalised. There are no further
changes to the members and other Board committees.

NEW EXECUTIVE APPOINTMENT

Noteholders are advised that that Ms. Catherine Koffman has been appointed as the Group Executive
of Project Preparation with effect from 01 February 2021. Ms. Catherine Koffman takes over from Mr.
Mohale Rakgate who has been appointed Group Executive: Infrastructure Fund. Ms. Catherine
Koffman is a qualified admitted attorney, with more than 20 years of experience in legal, commercial
and financial services. She has extensive infrastructure investment banking expertise, across
numerous sectors and has been intimately involved in several landmark infrastructure project finance
transactions.
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The Board remains properly constituted in terms of the DBSA Act (13 of 1997, as amended) and can
continue to perform and exercise its fiduciary obligations effectively. The DBSA company secretary
may be contacted at bathobiles@dbsa.org.


10 February 2021


Debt Sponsor
Rand Merchant Bank, a division of FirstRand Bank Limited




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Date: 10-02-2021 03:30:00
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