INSIMBI INDUSTRIAL HOLDINGS LIMITED - Appointment to the board

Appointment to the board

INSIMIBI INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2002/029821/06)
Share code: ISB
ISIN: ZAE000116828
Main Board – General Segment
("Insimbi" or the "Company")


APPOINTMENT TO THE BOARD


In accordance with the JSE Listings Requirements, the board of directors of the Company
("Board") is pleased to announce that Mr. Ernest Kwinda ("Director") has been appointed as
an independent non-executive director of the Company and a member of the Company's audit
and risk committee, and remuneration and nomination committee, with effect from 23 April
2026.

Mr. Kwinda is the Founder and Managing Director of Itai Capital, an investment holding and
advisory firm established in 2016, focusing on principal investments and corporate finance
advisory services with experience in complex transaction structuring and execution.

He has over 20 years of investment banking experience, having previously worked at Rand
Merchant Bank's Corporate Finance Division, where he specialised in mergers and
acquisitions, listings, disposals, valuations, and BEE transactions. He served on RMB's
Investment Banking Division Board and later as Investment Banking Coverage Director,
leading the bank's BEE advisory practice.

Mr. Kwinda has also held various governance and development roles, including board
memberships at the National Empowerment Fund (NEF), Piotrans, and Zenzele Itereleng
NPC, and serves as a trustee of the Lefa La Rona Trust and the Dikuno Community
Development Trust.

The Director's appointment was made in accordance with the Company's policy for the
nomination and appointment of directors to the Board.

The Board confirms that a fit and proper assessment, as contemplated in the JSE Listings
Requirements, was undertaken in respect of the Director and that the Board is satisfied with
the outcome thereof.

The Director has provided the Company with the information to be included in the director's
declaration in accordance with the JSE Listings Requirements ("Director's Declaration") and
the Company confirms that there are no positive statements to report in relation to the integrity
information contained in his Director's Declaration.

The Board welcomes the Director and looks forward to his contribution to the Company.

Johannesburg

24 April 2026

Sponsor
PSG Capital

Date: 24-04-2026 02:00:00
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