PEMBURY LIFESTYLE GROUP LIMITED - Changes to the Board

Changes to the Board

PEMBURY LIFESTYLE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/205899/06)
(“PL Group” or “the Company”)
ISIN Code: ZAE000222949      JSE Code: PEM


CHANGES TO THE BOARD


Appointment of Directors
In compliance with section 3.59(a) of the Listings Requirements of the Johannesburg Stock Exchange,
shareholders are advised of the appointment of the following directors:

-   Mr Roelof Martin Nel as an Independent Non-executive Director and Chairman of the Company with
    immediate effect. Mr Nel is an entrepreneur who has successfully managed his own company for
    thirty years. His business interests include real estate, construction, auctioneering and commodity
    trading. Mr Nel has also managed business rescues and works with the legal, financial, and labour
    fraternity.

-   Mr Paul Hendrik Barnard as a Non-executive Director of the Company with immediate effect. Mr
    Barnard obtained his LLB from the University of Pretoria and his LLM from the University of South Africa.
    He was admitted as an Attorney in 1996 and admitted as a Conveyancer in 1998. Mr Barnard
    practices as a commercial and litigation attorney and his field of practice includes commercial and
    property related matters.

-   Mr Jason McLachlan as a Non-executive Director of the Company with immediate effect. Mr
    McLachlan obtained his Bachelor of Business Commerce in Investment Management from Milpark
    Business School. He has also completed courses at Wits University related to the financing, building
    and improvement of property portfolios. Mr McLachlan is an entrepreneur who owns multiple
    businesses which include managing his own property portfolio, and a small education business.

The Board welcomes the new directors and looks forward to their contribution to the Pembury group.

Resignation of Directors
In accordance with paragraph 3.59(b) of the JSE Limited Listings Requirements and in conjunction with
the above appointments, the Board wishes to advise that Mr Lou Brits has resigned as an Independent
Non-executive Director and Chairman of the Company with immediate effect. In addition, Mr Christo
Hechter has resigned as a Non-executive Director of the Company with immediate effect.

The Board would like to thank Mr Brits and Mr Hechter for their valuable contribution to the Company.

BY ORDER OF THE BOARD
Johannesburg
21 October 2019

Designated Advisor
Arbor Capital Sponsors

Date: 21/10/2019 03:31:00
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.