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Changes to the Board of Directors
Burstone Group Limited
Approved as a REIT by the JSE
(Incorporated in the Republic of South Africa)
(Registration Number 2008/011366/06)
Share code: BTN ISIN: ZAE000180915
Bond Code: BTNI
("Burstone" or "the Group" or "the Company")
CHANGES TO THE BOARD OF DIRECTORS – RESIGNATION AND APPOINTMENT OF CHIEF FINANCIAL OFFICER AND
DEBT OFFICER, APPOINTMENT OF LEAD INDEPENDENT DIRECTOR AND COMMITTEE MEMBER
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited and paragraph 6.42
of the JSE Debt and Specialist Securities Listings Requirements, shareholders and noteholders are
advised that Jenna Sprenger will step down from the board of directors (the "Board") and as Group
Chief Financial Officer ("Group CFO") and Debt Officer of Burstone. To ensure a smooth transition and
continuity in the role, Jenna will remain with the Company until 31 August 2025.
The Board wishes to express their gratitude and thanks to Jenna for her significant contribution and
dedication to Burstone over a period spanning 12 years. Jenna has been instrumental in supporting
the growth and transformation of Burstone, including the Group's international expansion, the
internalisation of the management business in South Africa and Europe in 2023 and the establishment
of the Group's funds management strategy in Europe and Australia.
The Board wishes Jenna all the best for her future endeavours and the next chapter in her professional
journey.
With effect from 1 September 2025, Myles Kritzinger will be appointed as the Group CFO and
executive director of Burstone. Pursuant to paragraph 7.3(g) of the JSE Debt and Specialist Securities
Listings Requirements, Myles has also been appointed as the Debt Officer of Burstone, in his capacity
as Group CFO, with effect from 1 September 2025. Myles is a qualified chartered accountant with
extensive experience in corporate finance, private equity funds management and is a specialist in the
residential property sector. He previously served as both Chief Executive Officer and CFO at Transcend
Residential Property Fund, a listed REIT ("Transcend"). Ahead of this appointment, Myles has engaged
extensively with Burstone in respect of the exploration of various fund management strategies and
opportunities, and thus commences his new role with a deep understanding of the Group.
The Board confirms that:
- the appointment of Myles has been made in accordance with the Company's policy for the
nomination of directors; and
- it has considered and is satisfied with the competence, qualifications and experience of Myles
as the new Debt Officer.
The Board wishes Myles well in the role and looks forward to his contribution to the organisation.
The contact details of the Debt Officer are as follows:
Telephone: 0724400072
Email: myles.kritzinger@burstone.com
Further, the Board also notifies shareholders and noteholders that Raisibe Morathi, currently serving
as an independent non-executive director of Burstone and a member of the Audit and Risk Committee,
has been appointed as:
- the lead independent non-executive director of Burstone with immediate effect; and
- a member of the Remuneration and Nominations Committee of Burstone with immediate
effect.
The Board wishes Raisibe well in her new positions and looks forward to her contribution.
Johannesburg
4 July 2025
JSE Equity and Debt Sponsor: Investec Bank Limited
Date: 04-07-2025 10:00:00
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