Change to the board of directors RFG HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2012/074392/06) JSE share code: RFG ISIN: ZAE000191979 ("RFG") CHANGE TO THE BOARD OF DIRECTORS In compliance with the JSE Limited Listings Requirements, the following information is disclosed: RFG is pleased to announce the appointment of Ms S Naidoo as an independent non-executive director to the board of RFG with effect from 1 May 2023. Ms Naidoo is a Chartered Accountant (S.A.). She currently serves as a non-executive director on the boards of Rand Merchant Investment Holdings Limited, Outsurance Holdings Limited, Outsurance Insurance Company Limited, Outsurance Life Insurance Company Limited and Outsurance Shared Services Proprietary Limited. She was the founding shareholder and Chief Financial Officer of Smile Telecoms Holdings Limited and Smile Communications Proprietary Limited 2007 until 2021. Prior to that she was the Group Financial Director for Johnnic Entertainment Limited. The board welcomes Ms Naidoo and looks forward to her contribution to RFG. Groot Drakenstein 28 April 2023 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 28-04-2023 10:00:00 Supplied by www.sharenet.co.za 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.