HULISANI LIMITED - Changes to the Board and Committees

Changes to the Board and Committees

HULISANI LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2015/363903/06)
Share code: HUL ISIN: ZAE000212072
(“Hulisani” or “the Group”)

CHANGES TO THE BOARD AND COMMITTEES

Board

In compliance with paragraph 3.59 (a) of the JSE Listings Requirements, shareholders are
advised that with effect from Tuesday 26 February 2019, Mr Malungelo Zilimbola was
appointed as an alternate director to Mr Asanda Notshe on the Hulisani Board. Malungelo is
the founder and Chief Investment Officer of asset management firm Mazi Capital and was
CEO of Hulisani until 1 July 2017. Malungelo has more than 17 years of investment
management experience working with leading financial services organisations
including Investec and RMB.

Committees

Shareholders are advised that with effect from 31 January 2019, Ms Dudu Hlatshwayo was
appointed as a member to the Audit and Risk Committee. Ms Hlatshwayo is an independent
non-executive director of the Company.

The Company had approved the constitution of a Nomination and Governance Committee with
effect 26 February 2019. The Nomination and Governance Committee will comprise of the
Company’s independent non-executive director, Mr Patilizwe Mdoda as the Chairman and
members comprised of Ms Dudu Hlatshwayo, Mr Harald Schaaf and Professor Benjamin Marx,
all of whom are independent non-executive directors of the Board.

Johannesburg
26 February 2019

Sponsor
PSG Capital

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