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PEPKOR HOLDINGS LIMITED - Resignation Of Director

Release Date: 20/01/2021 17:50
Code(s): PPH PEP02 PEP01     PDF:  
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Resignation Of Director

(Incorporated in the Republic of South Africa)
(Registration number: 2017/221869/06)
Share Code: PPH
Debt Code: PPHI
ISIN: ZAE000259479
(“Pepkor” or “the Company”)


In accordance with paragraphs 3.59(b) and 6.39(b) of the JSE Limited Listings and Debt
Listings Requirements, the board of directors of the Company (“the Board”) wishes to advise
that Mr Jayendra Naidoo has submitted his resignation as a non-executive director of Pepkor
and as member of the relevant Board committees. The resignation of Mr Naidoo is effective
from 1 February 2021.

In his letter of resignation Mr Naidoo states that the reason for his resignation is that the
litigation between himself and Steinhoff, as the majority shareholder in Pepkor, has made his
role as a board member untenable.

Mr Naidoo has been a non-executive director of Pepkor since listing in 2017 and he was
chairman of the Company from 2017 to 2020.

The Board wishes to thank Mr Naidoo for his contribution as Board member and chairman of
the Company.

20 January 2021

Equity Sponsor
PSG Capital

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

Date: 20-01-2021 05:50:00
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