LABAT AFRICA LIMITED - Appointment Of A Non-Executive Director And Audit And Risk Committee Chairman

Appointment Of A Non-Executive Director And Audit And Risk Committee Chairman

LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
("Labat Africa" or "the Company")
ISIN Code: ZAE000018354 Share Code: LAB
FSE Code: LEI 9845000R73DF5EE41J88


APPOINTMENT OF A NON-EXECUTIVE DIRECTOR AND AUDIT AND RISK COMMITTEE
CHAIRMAN,



In compliance with Sections 5 and 6.71 of the JSE Listings Requirements and the applicable
corporate governance provisions contained therein, shareholders are advised of the
following changes to the governance structures of Labat Africa Limited.

The Board is pleased to announce the appointment of Mr. Thembelani Shawn Mbolekwana
as an Independent Non-Executive Director of the Company with effect from 29 May 2026.

Mr. Mbolekwana is a highly accomplished board advisor and corporate executive with
more than 22 years of executive management experience spanning corporate
governance, strategic leadership, investment management, information and
communication technology, risk oversight and capital allocation. He holds a BTech in
Chemical Engineering, an MBA specialising in Project, ICT and Investment Management,
and advanced ICT qualifications. Throughout his career, he has held senior leadership and
advisory roles across a number of prominent South African public and private sector
organisations, including Transnet, Bidvest, Old Mutual, the Railway Safety Regulator, the
Estate Agency Affairs Board and other significant institutions.

The Board believes that Mr. Mbolekwana's extensive experience in governance, audit and
risk oversight, investment evaluation, large-scale project execution and regulatory
compliance, together with his proven track record of serving on fiduciary committees
operating under King IV principles and JSE governance standards, makes him exceptionally
well qualified to strengthen the Company's governance framework and provide effective
oversight of financial reporting, risk management and internal control processes.

Accordingly, the Board has appointed Mr. Mbolekwana as Chairperson of the Audit and
Risk Committee with effect from 29 May 2026. This appointment follows the Board's
assessment of the composition, skills matrix and effectiveness of the Audit and Risk
Committee and is aligned with the requirements of paragraph 5.7(g) of the JSE Listings
Requirements. The Board confirms that a fit and proper assessment has been conducted in
respect of Mr. Mbolekwana and that it is satisfied with the outcome thereof.

The Board welcomes Mr. Mbolekwana to Labat and looks forward to his valuable
contribution to the continued growth, governance and long-term success of the Company.
The Board welcomes Mr. Mbolekwana to his new roles.
JOHANNESBURG
29 May 2026

JSE Sponsor
Vunani Sponsors

Date: 29-05-2026 02:33:00
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