PEPKOR HOLDINGS LIMITED - Retirement of CEO and appointment of new CEO

Retirement of CEO and appointment of new CEO

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

RETIREMENT OF CEO AND APPOINTMENT OF NEW CEO

In accordance with paragraphs 3.59 and 6.39 of the JSE Limited (“JSE”) Listings and
Debt Listings Requirements, respectively, the board of directors of the Company (“Board”)
hereby advises shareholders and noteholders that Mr Leon Lourens (“Leon”), the Pepkor
Chief Executive Officer (“CEO”), has advised the Board of his intention to take early
retirement with effect from 31 March 2023. Leon will resign as CEO and from the Board on
30 September 2022 and will be available to Pepkor during his notice period until the end of
March 2023 in order to facilitate the transition to the new CEO.

Leon has served the Pepkor Group for 32 years and was appointed as CEO of Pepkor on 6
December 2017. The Board is indebted to Leon for his exemplary leadership and valuable
contribution to the Group during a time that Pepkor faced a number of challenges, including
dealing with the repercussions of the Steinhoff crisis, the effects of the Covid-19 pandemic,
the 2021 civil unrest and the 2022 KwaZulu-Natal floods. Under his stewardship, the Group
successfully navigated these challenges and continued to deliver commendable results.
Leon was also instrumental in the conclusion of Pepkor’s acquisition of the Brazilian-based
retailer, Grupo Avenida. The Company wishes Leon well in his future endeavours.

The Board is pleased to announce that Mr Pieter Erasmus (“Pieter”), who currently serves as
a non-executive director of the Company, has been appointed as an executive director and
the CEO of Pepkor with effect from 1 October 2022. Pieter is a chartered accountant and
has considerable retail industry experience, having served as Pepkor Group CEO from 2001
to 2017. Pieter will cease to be a member of the human resources and remuneration
committee from the effective date of his appointment as CEO.

Parow
29 August 2022

Equity Sponsor
PSG Capital

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

Date: 29-08-2022 10:37:00
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