Changes to board of directors and committees Imbalie Beauty Limited (Incorporated in the Republic of South Africa) (Registration number 2003/025374/06) JSE code: ILE ISIN: ZAE000165239 ("Imbalie Beauty” or “the Company") Changes to board of directors and committees Shareholders are referred to the various SENS announcements regarding the change of control and the Mandatory offer made by B&B Media (Pty) Ltd (“B&B Media”) to Imbalie Beauty shareholders. As a consequence of the above and in compliance with paragraph 3.59 of the JSE Listings Requirements, shareholders are advised of certain changes to the board of directors of Imbalie Beauty (“the Board”) and its committees. The following members of the Board have resigned, effective 25 April 2022, after the Mandatory offer closes: • Wessel Petrus van der Merwe • Theo Johan Schoeman • Gary David Harlow • Jack Howard Phalane Esna Colyn will remain as Chief Executive Officer of Imbalie Beauty. The following individuals are to be appointed to the Board and sub-committees with effect from 25 April 2022: • Talib Sadik CA(SA); AMP (Insead), is appointed as independent Chairman of the Company and member of the Audit and Risk Committee. Talib is an executive turnaround and growth specialist in the listed and public sectors including advance manufacturing, infrastructure, mining, media, private equity and black empowerment, developed and emerging markets, complex public/private stakeholders. His career achievements include growing and turning around companies through implementing structural and operational reforms in both listed and unlisted companies. He is currently a non-executive director of two private companies and previously held non-executive positions on various listed companies. • Paul-Alexandre Inbona MBA (Insead), DPECF-DECF (Degrees in Accountancy and Financial studies in France), Msc in Engineering, is appointed as independent non-executive director of the Company and Chairman of the Audit and Risk Committee. Paul currently provides management and financial consulting to clients in Africa focusing on business-wide restructuring, process optimisation, private equity and governance. He has worked at and consulted to many companies locally as well as internationally including ERG, Black Rhino Group (Blackstone), Glencore, Metorex Group, Gemini Consulting, Wasteman Group and Arthur Andersen. In addition, he served on the boards of several companies including Katanga Mining Ltd in 2012 and 2013, when it was listed on the Toronto Stock Exchange. • Aboobaker (Abie) Cassim CA (SA), is appointed as Financial Director of the Company. Abie has been the financial manager of B&B Media for the past five years and has extensive experience in all facets of financial management, financial analysis and reporting. He completed his articles at PricewaterhouseCoopers Inc. and previously worked for ABSA Bank, Deloitte and FirstRand Bank. The Imbalie Beauty Board thanks the outgoing Board members for their valuable contribution and wish the new Board members well in their new positions. 25 March 2022 Woodmead Designated adviser Exchange Sponsors Date: 25-03-2022 09:17:00 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.