INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA LIMITED - CHANGES TO THE BOARD AND STATUTORY COMMITTEES

CHANGES TO THE BOARD AND STATUTORY COMMITTEES

19 Fredman Drive, Sandown 2196
PO Box 784055, Sandton 2146, South Africa
Tel:   +27 11 269 3000
Fax:   +27 11 269 3116
www.idc.co.za


  Industrial Development Corporation of South Africa Limited
  Incorporated in the Republic of South Africa
  Registration No. 1940/014201/06)
  Issuer code: IN02
  (the “IDC” or the “Issuer” or the “Group”)



  CHANGES TO THE BOARD AND STATUTORY COMMITTEES


  In accordance with paragraph 6.42 of the JSE Limited (“JSE”) Debt and Specialist Securities
  Listings Requirements, the Industrial Development Corporation of South Africa Limited (“the
  Corporation”) hereby advises the noteholders of the following changes to the IDC Board of
  directors and its statutory committees following the Annual General Meeting (“AGM”) held on
  27 August 2026.


 The changes are set out below:


 Retirement of Directors

 Ms Busi Mabuza retired as a non-executive director of the Corporation and from all other board
 committees, effective 27 August 2027.
 Mr Brian Dames and Adv Thandi Orleyn retired as a non-executive director of the Corporation
 and from all other board committees, effective 31 October 2026.

 Retirement of the Audit Committee Independent External Members


 Mr Patrick Mathidi and Mr Roger Pitot retired as Independent External Members of the Audit
 Committee effective 27 August 2026.



Industrial Development Corporation of South Africa Limited             Reg.No. 1940/014201/31
Directors: Serobe G T (Chairperson), Lekhethe M (CEO), Barnard R, Cohen T, Dames B, Dlodlo A, Mabuza B A, Makube Dr. T, Mothibeli Dr. K T,
Kriel A T, Orleyn Adv. N D B, Ramano T

Group Company Secretary: Kganedi M
Appointment of Statutory Committees


Audit Committee
At the AGM, Ms Tryphosa Ramano was elected as a member and Chairperson of the Audit
Committee.
Mr Reon Barnard was also elected as a member of the Audit Committee.
Mr Brian Dames will continue to serve as a member of the Audit Committee until his retirement
on 31 October 2026.

Social and Ethics Committee
At the AGM, Ms Ayanda Dlodlo, was elected as a member and Chairperson of the Social and
Ethics Committee.
Dr Keitumetse Mothibeli, was elected as a member of the Social and Ethics Committee.
Ms Tanya Cohen was elected as a member of the Social and Ethics Committee.
Mr Brian Dames will continue to serve as a member of the Social and Ethics Committee until
his retirement on 31 October 2026.

Appointment of Executive Director


Mr Isaac Malevu, the Chief Financial Officer of the IDC, was appointed at the AGM as an
Executive Director of the Corporation. The appointment was made in line with the procedure
for the appointment of directors.


Approval of Policies


Noteholders are further advised that the Procedure for the Appointment of IDC Directors Policy
(“Nomination Policy”) has been amended and approved.



28 August 2026
Debt Sponsor




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Date: 28/08/2026 14:16:00
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