MPACT LIMITED - Resignation of the Mpact Limited Non-Executive Directors from the Board of Mpact Operations Proprietary Limited

Resignation of the Mpact Limited Non-Executive Directors from the Board of Mpact Operations Proprietary Limited

Mpact Limited
(Incorporated in the Republic of South Africa)
(Registration number 2004/025229/06)
JSE and A2X share code: MPT ISIN: ZAE000156501
("the Company")


RESIGNATION OF THE MPACT LIMITED NON-EXECUTIVE DIRECTORS FROM THE
BOARD OF MPACT OPERATIONS PROPRIETARY LIMITED ("MPACT OPERATIONS")

Shareholders are referred to the SENS announcement released on 26
September 2022, which advised that the non-executive directors of
Mpact Limited were appointed to the Board of the Company's main
operating subsidiary, Mpact Operations. This was as a result of
the Mpact Limited non-executive directors' remuneration not
receiving shareholder approval at the Mpact Limited AGM held on 2
June 2022.

The appointment of the Mpact Limited non-executive directors to
the Mpact Operations Board was thus necessary to remunerate them
while they continued discharging their duties of maintaining good
governance within the broader Mpact Group and protecting the
interests of the Company and its shareholders.

At the Mpact Limited AGM held on 5 June 2025, shareholders
approved the non-executive directors' remuneration.

Consequently, from 1 July 2025, non-executive directors will be
remunerated by Mpact Limited once again, and there will no longer
be any need for them to be appointed to the Mpact Operations
Board.

Shareholders are hereby advised of the resignation of all the
Mpact Limited non-executive directors from the Mpact Operations
Board, effective 1 July 2025, namely:
   • PCS Luthuli;
   • M Makanjee;
   • ABA Conrad;
   • FC Futwa;
   • DG Wilson; and
   • S Mayet

Melrose Arch
09 June 2025

Sponsor
The Standard Bank of South Africa Limited

Date: 09-06-2025 05:30:00
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