ARDEN CAPITAL LIMITED - Changes to the Board of Directors

Changes to the Board of Directors

Arden Capital Limited
(Incorporated in the Republic of Mauritius)
(Registration number: 115883 C1/GBL)
Share Code: ACZ
ISIN: MU0548S00026
("Arden Capital" or "the Company")

CHANGES TO THE BOARD OF DIRECTORS

In accordance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the Board of directors
of Arden Capital Limited ("the Board") are pleased to advise shareholders that Mr Tatenda Maponga has
been appointed to the Board in the capacity of the Interim Chief Finance Officer ("CFO") with effect from 8
November 2021.

Tatenda is a qualified Chartered Accountant (Zimbabwe). He holds a Bachelor of Commerce Honours
Degree in Accounting from the University of Science and Technology (NUST), Postgraduate Diploma in
Applied Accounting Sciences from the University of South Africa (UNISA) and a Certificate of Theory in
Accounting (CTA). He has over eight years of experience in financial reporting, assurance, and business
advisory.

Tatenda began his professional career with PricewaterhouseCoopers (PwC) Zimbabwe and worked in the
mining and construction sector before joining the Arden Group in 2019. Before assuming the role of Interim
CFO, Tatenda was the Group Finance Manager at Arden Capital (Private) Limited, a subsidiary of Arden
Capital Limited.

The Board would like to take this opportunity to welcome Mr Tatenda Maponga to his new role.

Mr Peter Saungweme, who previously fulfilled the role of both Chief Executive Officer (“CEO”) and CFO,
will now focus solely on his CEO responsibilities.

Grand Baie, Mauritius
5 November 2021

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 05-11-2021 04:37:00
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.