SYGNIA LIMITED - Appointment of Joint CEO

Appointment of Joint CEO

SYGNIA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2007/025416/06)
Share code on the JSE and A2X: SYG
ISIN: ZAE000208815
(“Sygnia” or the “Company”)

APPOINTMENT OF JOINT CEO

Sygnia shareholders are advised that Mr David Hufton has been appointed as the Joint Chief Executive
Officer of Sygnia with immediate effect.

Mr Hufton was previously the Deputy CEO of Sygnia and prior to joining Sygnia in February 2016 was
a member of the executive committee of Alexander Forbes Financial Services for many years and held
various leadership roles in that company. He is a Fellow of the Actuarial Society of South Africa and a
Fellow of the Institute and Faculty of Actuaries.

Mr Hufton shares the role of Chief Executive Officer with Ms Magda Wierzycka. The various strategic
initiatives and operational responsibilities of the Company have been clearly assigned between the joint
CEOs and between the Company’s two main centres of operation in South Africa and the United
Kingdom.

The Board congratulates Mr Hufton on his appointment and is confident that the Joint CEOs will steer
Sygnia through these turbulent times and beyond.

Cape Town
3 April 2020

Sponsor:
The Standard Bank of South Africa Limited

Date: 03-04-2020 12:15:00
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