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EXXARO RESOURCES LIMITED - Exxaro - Changes to the Board - Appointment of Mr MG Qhena

Release Date: 20/04/2021 13:29
Code(s): EXX EXX04 EXX05     PDF:  
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Exxaro - Changes to the Board - Appointment of Mr MG Qhena

EXXARO RESOURCES LIMITED
Incorporated in the Republic of South Africa
(Registration Number: 2000/011076/06)
JSE share code: EXX
ISIN: ZAE000084992
ADR code: EXXAY
Bond Code: EXX04
ISIN No: ZAG000160326
Bond Code: EXX05
ISIN No: ZAG000160334
(“Exxaro” or the “Company”)

CHANGES TO THE BOARD: APPOINTMENT OF MR MG QHENA

In compliance with paragraph 3.59 of the JSE Limited Listings Requirements shareholders are hereby
advised that the board of directors (“Board”) has approved the appointment of Mr Mvuleni Geoffrey Qhena
(“Geoffrey”) to the Board as an independent non-executive director and the chairperson designate, with
effect from 19 April 2021.

Geoffrey’s early career started at KPMG, where he completed his articles, and thereafter joined Eskom
for a brief period in their treasury function. He moved to Vista University (now known as University of
Johannesburg) to lecture accounting and auditing. During this time Geoffrey also passed his chartered
accountant board exams. He briefly joined the Industrial Development Corporation of South Africa Limited
(“IDC”) and thereafter moved to Transnet SOC Limited (“Transnet”). Subsequently, he re-joined the IDC
at a time when the organizational culture had improved and was more inclusive and conducive for the
growth of black professionals.

Geoffrey enjoyed a meteoric rise at the IDC and later became the Chief Financial Officer of the
organization. It was not long after this period that Geoffrey ascended to the highest role in the IDC as its
Chief Executive Officer. He especially enjoyed oversight over the development of the renewable energy
sector at a time when it was not profitable to fund the sector. Geoffrey was involved in the establishment
of numerous sector-changing initiatives, funding black empowerment companies, transformation of the
corporate leadership landscape and the development of new sectors in the reshaping of the South African
economy.

His appreciation of climate change issues and the value of coal in the South African and African economy
landscape is telling of his depth of business acumen. Geoffrey gained extensive board leadership on the
IDC investee boards,including as a non executive director of a Spanish listed stainless steel company,
Acerinox. He is presently a non executive independent board member of Investec Bank Limited and the
chairperson of the South African Airways SOC Limited interim board. With the IDC being a significant
shareholder of Exxaro over a number of years, Geoffrey brings with him a clear understanding of the
company and the sector in which it operates.

AK MARÉ, Inlexso (Pty) Ltd
GROUP COMPANY SECRETARY (ACTING)
20 April 2021

 Lead Equity Sponsor and Debt Sponsor                          Joint Equity Sponsor
 Absa Corporate and Investment Bank,                           Tamela Holdings Proprietary Limited
 a division of Absa Bank Limited

Date: 20-04-2021 01:29:00
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