INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA LIMITED - IN02 - Resignation of Director

IN02 - Resignation of Director

Industrial Development Corporation of South Africa Limited
(Incorporated in the Republic of South Africa)
Registration No. 1940/014201/06
Bond Issuer Code: IN02
(the “IDC” or the “Corporation”)

RESIGNATION OF DIRECTOR

In accordance with paragraph 6.39 of the JSE Limited Debt Listings Requirements, the board of
directors of the Corporation (“the Board”) wishes to advise that Dr. Nimrod Zalk (Dr.Zalk) has resigned
as a non-executive director of the IDC, as well as a member of the social & ethics and the investment
committees, all with effect from 31 July 2023.

Dr. Zalk’s resignation from the IDC Board follows his resignation from the dtic in his capacity as
shareholder representative. The Board would like to extend its appreciation to Dr. Zalk for his
commitment and service to the Corporation over the years.

The process of identifying a suitable replacement has commenced and will be announced as soon as
such appointment has been made.

Johannesburg
01 August 2023

Debt Sponsor
Absa Corporate and Investment Bank (a division of Absa Bank Limited)

Date: 01-08-2023 08:35:00
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