MOMENTUM GROUP LIMITED - Appointment of the Chair of the Momentum Group Boards

Appointment of the Chair of the Momentum Group Boards

MOMENTUM GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number: 2000/031756/06
JSE share code: MTM
A2X share code: MTM
NSX share code: MMT
ISIN code: ZAE000269890

MOMENTUM METROPOLITAN LIFE LIMITED
Incorporated in the Republic of South Africa
Registration number: 1904/002186/06
Company code: MMIG
LEI: 378900E0A78B7549C212

(collectively "the Group" or "Momentum Group")


APPOINTMENT OF THE CHAIR OF THE MOMENTUM GROUP BOARDS

In compliance with paragraph 6.71 of the JSE Limited ("JSE") Listings Requirements
and paragraph 6.42 of the JSE Debt and Specialist Securities Listings Requirements,
and further to the announcement released on the Stock Exchange News Service of the
JSE on 10 November 2025 regarding the resignation of the former Chair and
appointment of an Interim Chair of the Group boards, the Group is pleased to
announce the appointment of Mr Tyrone Soondarjee as an Independent Chair of the
Momentum Group boards, with immediate effect. Tyrone served as the Interim Chair
of the Group boards since November 2025.

Tyrone is a highly seasoned and commercially focused chartered accountant and board
member with an extensive track record spanning over 40 years in the corporate
arena. Throughout his career, he has occupied a diverse array of senior executive
and non-executive director roles across various industries including financial
services, telecommunications and professional services. His previous roles include
Chair of Grindrod Bank Limited and Chief Financial Officer of Cell C Limited. He
was also Group Financial Director of the Sasfin Banking Group and Director of
Finance at Deloitte. Tyrone is currently non-executive Chair of Rentworks Holdings.

As an already serving independent non-executive director and a member of a number
of board committees within Momentum Group, Tyrone brings deep institutional
knowledge alongside extensive experience spanning audit, nominations as well as
social, ethics and transformation committees. His core competencies include
corporate governance, finance, audit, risk management, strategic leadership and
organisational transformation.

Tyrone holds a BCompt, BCompt Honours, a Postgraduate Diploma in Auditing, and is
a Chartered Accountant (SA).

This appointment is made in accordance with the Group's Nomination and Evaluation
of Directors Policy.

The boards welcome Tyrone's appointment and the continuity of strategic leadership
it ensures.

                                                                                  1
Centurion
18 March 2026

Equity Sponsor in South Africa
Tamela Holdings (Pty) Limited

Sponsor in Namibia
Simonis Storm Securities (Pty) Limited

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




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Date: 18-03-2026 10:05:00
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