Board and committee membership changes

RFG HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2012/074392/06)
JSE share code: RFG
ISIN: ZAE000191979
(“the company”)

BOARD AND COMMITTEE MEMBERSHIP CHANGES

In compliance with the JSE Limited Listings Requirements, shareholders
are advised of the following planned change to the board and membership
changes to certain board committees:

  - Mr Andrew Makenete will retire as a non-executive director on 4
    March 2021.
  - Mr Thabo Leeuw has been appointed as the chairperson of the
    remuneration committee, with effect from 1 October 2020.
  - Mr Andrew Makenete will step down as the chairperson of the
    remuneration committee, with effect from 1 October 2020, but will
    remain a member of the committee until his retirement from the
    board on 4 March 2021.
  - Mr Andrew Makenete will remain a member of the audit, risk and
    information technology committee until his retirement from the
    board on 4 March 2021.
  - Ms Bongiwe Njobe has been appointed as the chairperson of the
    social and ethics committee, with effect from 1 October 2020.
  - Mr Thabo Leeuw will step down as the chairperson and as a member
    of the social and ethics committee, with effect from 1 October
    2020.
  - The composition of the nominations committee has been changed with
    effect from 1 October 2020 and will comprise:
    - the chairperson of the board, Dr Yvonne Muthien,
    - the chairperson of the audit, risk and information technology
      committee, Mr. Mark Bower,
    - the chairperson of the social and ethics committee, Ms. Bongiwe
      Njobe and
    - the chairperson of the remuneration committee, Mr. Thabo Leeuw.

The recruitment of a new non-executive director is in process. The new
director will be appointed to the audit, risk and information technology
committee as well as the social and ethics committee.

Groot Drakenstein
1 October 2020

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

Date: 01-10-2020 09:00:00

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