DENEL SOC LIMITED - Changes to the board - BIDEN

Changes to the board - BIDEN

DENEL SOC LIMITED
Registration number: 1992/001337/30
JSE Alpha Code: BIDEN
(“Denel”)

                                    CHANGES TO THE BOARD

In accordance with paragraph 6.39(b) of the Debt Listings Requirements, the board of
directors of Denel (the “Board”) advises that:

1.     Ms Monhla Hlahla has resigned as an independent non-executive director and
       Chairperson of Denel, with effect from 24 February 2021; and

2.     Ms Nonzukiso Siyotula has resigned as independent non-executive director of Denel
       with effect from 24 February 2021.

The recruitment process of the Chairperson is underway and the appointment will be
communicated to all debtholders in due course.

For further information, contact:

Pam Malinda
Cell: +27 (0) 82 686 2198
Tel: +27 (0) 12 671 2662
email: pamm@denel.co.za


25 February 2021

Debt Sponsor
Nedbank Corporate and Investment Banking

Date: 25-02-2021 04:30:00
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