NewGold - Changes to the Board of Directors NEWGOLD ISSUER (RF) LIMITED (Incorporated in the Republic of South Africa) (Registration No. 2004/014119/06) (“NewGold” or the “Company”) JSE Share code: GLD NSX Share code: NGNGLD ISIN code: ZAE000060067 (“NewGold ETF”) JSE Share code: NGPLT NSX Share code: NGNPLT ISIN code: ZAE000177580 (“NewPlat ETF”) JSE Share code: NGPLD NSX Share code: NGNPLD ISIN code: ZAE000182507 (“NewPall ETF”) CHANGES TO THE BOARD OF DIRECTORS In accordance with paragraph 3.59 of the Listings Requirements of the JSE Limited, debenture holders are advised of the following changes to the board of directors ("the board"): 1. CHANGE OF DESIGNATION AND APPOINTMENT AS CHIEF EXECUTIVE OFFICER The board is pleased to inform debenture holders of the appointment of Mr BM Mgwaba (“Michael”) as Chief Executive Officer to the board with immediate effect. Michael was appointed to the board on 15 October 2015 as an executive director. His qualifications include Bachelor of Commerce (Accounting), Honours Degree in Commerce (Accounting), CSB(SA) non-practising and International Executive Development Programme (GIBS). Michael has played a key role in the development of Absa Bank Limited’s (“Absa”) exchange traded products (“ETP”) business, as well as in the development of innovative ETP products. 2. APPOINTMENT OF FINANCIAL DIRECTOR Ms. PS Mkhize (“Palesa”) has been appointed to the board as financial director with immediate effect. Palesa is a Chartered Accountant (SA) who has held various senior positions at Absa Bank Limited in its Corporate and Investment Banking division. She is the Head of Financial Decision Support for CIB – Africa and has previously fulfilled the financial management function for the Company. NewGold welcomes Palesa to the board and looks forward to her contribution to the Company. 3. RESIGNATION ON NON-EXECUTIVE DIRECTOR Mr. CHM Edwards (“Chris”) has resigned as non-executive director from the NewGold board with immediate effect. The board of directors of NewGold wishes to thank Chris for his valued contributions during his tenure as a director and wish him well in his future endeavours. 16 July 2019 Sponsor Absa Bank Limited (acting through its Corporate and Investment Bank division) Date: 16/07/2019 11:17:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
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