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ROYAL BAFOKENG PLATINUM LIMITED - Changes to the Board of Directors

Release Date: 04/12/2020 15:30
Code(s): RBP RBPCB     PDF:  
Wrap Text
Changes to the Board of Directors

(Incorporated in the Republic of South Africa)
(Registration number 2008/015696/06)
JSE share code: RBP ISIN: ZAE000149936
JSE bond code: RBPCB ISIN: ZAE000243853
("RBPlat" or the "Company")


Security holders of RBPlat are hereby advised that the Chairperson of the RBPlat board of directors (the “Board”),
Adv. Kgomotso Moroka, after serving on the Board as independent non-executive Chairperson since June 2010, will
formally be retiring from the RBPlat Board with effect from the Company’s next Annual General Meeting to be held
in April 2021.

Following Adv. Moroka’s retirement from the Board, Mr. Obakeng Phetwe, a non-executive director of RBPlat, since
February 2018, will assume the function of the Board Chairperson. Obakeng, a Chartered Accountant, is currently
the Chief Executive Officer of the Royal Bafokeng Nation Development Trust and a non-executive director on the
boards of Royal Bafokeng Holdings Proprietary Limited, RMB Holdings Limited, RMI Holdings Limited and MOGS Oil
and Gas Proprietary Limited.

In addition, Mr. Mark Moffett, an independent non-executive director of RBPlat since September 2014 and a
Chartered Accountant, will assume the function of Lead Independent Director with effect from the retirement of
Adv. Moroka. Mark is currently also an independent non-executive director on the board of Exxaro Resources
Limited and has previously held senior executive positions within Xstrata initially as Chief Financial Officer of the
Xstrata Alloys Proprietary Limited business and more recently as Group Controller of Xstrata plc. Prior to this he held
senior finance positions within Anglo American plc and the De Beers Group.

The Board, assisted by its Nominations Committee, will consider changes to any Committee memberships in 2021.

Furthermore, the Board wishes to thank the outgoing Chairperson for her dedicated service over the past 10 years
and wishes her well in all future endeavours.

The Board also looks forward to working with both Messrs. Phetwe and Moffett when they assume their new roles
and express confidence in the value that they will add to the Board in this regard.

04 December 2020

JSE Sponsor
Merrill Lynch South Africa Proprietary Limited

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

For further information, please contact:

Lindiwe Montshiwagae
Executive: Investor Relations and Corporate Communications
Tel: +27 (0)10 590 4510
Lester Jooste
Company Secretary
Tel: +27 (0)10 590 4519

Date: 04-12-2020 03:30:00
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