SABVEST CAPITAL LIMITED - Sabcap changes to board roles

Sabcap changes to board roles

SABVEST CAPITAL LIMITED
(Incorporated in South Africa)
(Registration number 2020/030059/06)
Share code: SBP
ISIN: ZAE000283511
("Sabcap")

SABCAP CHANGES TO BOARD ROLES

Shareholders are advised of the following changes, effective 31 December 2022:

-  There will no longer be a position of Deputy Chairman;
-  Funke Ighodaro will be appointed Lead Independent Director in place of Bheki Shongwe who
   steps down after a lengthy tenure in the role;
-  Funke Ighodaro will be appointed Chair of the Investment Committee in place of Kuben
   Pillay; and
-  Bheki Shongwe will be appointed Chair of the Social and Ethics Committee in place of
   Lindiwe Mthimunye.

The board continues to comprise four independent non-executive directors (INEDs) and three executive
directors. The Board has five committees and each INED now chairs at least one committee.

Sandton

12 December 2022

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 12-12-2022 07:30:00
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