ASTRAL FOODS LIMITED - Appointment of independent non-executive directors

Appointment of independent non-executive directors

ASTRAL FOODS LIMITED
“Astral Foods”
(Reg. No. 1978/003194/06)
(Incorporated in the Republic of South Africa)
Share Code: ARL
ISIN Code: ZAE000029757

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTORS

In compliance with rule 3.59 of the Listing Requirements the
following is advised:

  •   Mr. Saleh Mayet has been appointed as an Independent Non-
      executive Director of Astral Foods with effect from 1 July
      2019.

      Mr. Mayet is a chartered accountant with over 35 years’
      experience.   After completing his articles in 1982, he
      joined the finance division of Anglo American South Africa
      Limited (“AASA”) and over the next number of years gained
      experience in all aspects of financial reporting with
      ultimate responsibility for a significant number of both
      listed and unlisted subsidiaries in the AASA group.

      Following Anglo American plc’s London listing in 1999, he
      fulfilled various roles within the finance division in
      Johannesburg and London and in January 2008 was promoted
      to the position of Head of Finance – AASA.   He has
      extensive experience on a wide range of corporate
      activities and served on the boards of AASA and its
      strategic subsidiaries and trusts.   He was also a member
      of various senior management committees tasked with
      strategy, driving value initiatives and engagement with
      key stakeholders.   He retired from Anglo American in
      March 2019.

      Mr Mayet is currently a non-executive director of Motus
      Holdings Limited where he chairs the Audit and Risk
      Committee.

  •   Mr. Willie Potgieter has been appointed as an Independent
      Non-executive Director of Astral Foods Limited with effect
      from 1 July 2019.

      Mr Potgieter is a qualified Civil Engineer specializing in
      infrastructure development and strategic management with
      more than 30 years’ experience in implementation and
      management of engineering and related developments through
      all stages of the project life cycle.   Previous
      experience includes management of regulatory processes
      such as environmental authorisations, water rights and
      water use licenses, bulk services agreements and
      infrastructure development plans.

      His recent involvement includes infrastructure development
      for the newly established Sol Plaatje University and
      University of Mpumalanga.

      Mr Potgieter acts as a Director for Oubos-Grootrivier
      Nature Reserve (Pty) Limited.


Pretoria
1 July 2019

Sponsor: Nedbank Corporate and Investment Banking, a division
of Nedbank Limited

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