ADVTECH LIMITED - Appointment of Alexandra Watson as Independent Non-Executive Director

Appointment of Alexandra Watson as Independent Non-Executive Director

ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share code: ADH       ISIN: ZAE000031035
(“ADvTECH” or “the Company” or “the Group”)

Appointment of Alexandra Watson as Independent Non-Executive Director

In accordance with paragraph 3.59 (a) of the JSE Limited Listings Requirements, the board of directors
of ADvTECH (“Board”) is pleased to announce the appointment of Professor Alexandra Watson
(“Alex”) as an independent non-executive director of the Company with effect from 1 November 2022.
Alex will also serve as a member of the Group’s Audit and Risk Committee.

Alex was involved in accounting education for an extended period at the University of Cape Town
(UCT) and more broadly in the accounting profession and following her early retirement is now an
Emeritus Professor of Accounting at UCT.

Alex was appointed as a member of the Steinhoff International Holdings N.V board in 2018 and serves
as a director on the board of Steinhoff’s wholly owned subsidiary, Steinhoff Investment Holdings. She
was appointed as a non-executive director of Petra Diamonds Limited, a London listed company, in
July 2021. She is currently the chairperson of the Coronation Fund Managers board in South Africa
and is a board member of the World Wide Fund for Nature (WWF) in South Africa.

She chairs the JSE’s Financial Reporting Investigations Panel (FRIP). She was a board member of the
Global Reporting Initiative (GRI), an Amsterdam based multi-stakeholder organisation focused on
impact reporting. Her role as an adjudicator on EY’s Excellence in Reporting awards since its inception
and various other roles in the development of corporate reporting has provided her with deep insight
into corporate reporting.

Alex holds a Bachelor of Commerce (Hons) from the University of Cape Town and is a qualified
Chartered Accountant (SA).

Commenting on the appointment, ADvTECH Chairman Chris Boulle said: ‘We look forward to adding
Alex’s expertise to the Board, which will add value to ADvTECH’s business.”

The ADvTECH group welcomes Alex to the Board and looks forward to her contribution.



7 October 2022

Johannesburg

Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 07-10-2022 11:40:00
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