SYGNIA LIMITED - Changes to the Board of Directors and Amendments to the Notice of Annual General Meeting

Changes to the Board of Directors and Amendments to the Notice of Annual General Meeting

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")

CHANGES TO THE BOARD OF DIRECTORS AND AMENDMENTS TO THE NOTICE OF ANNUAL GENERAL
MEETING

Changes to the board of directors

In compliance with paragraph 3.59 of the JSE Listings Requirements, Sygnia is pleased to announce the
appointment of Ms Joanna Corelli as an executive director of the Company with immediate effect.

Ms Corelli has more than two decades of experience in marketing and is Global Head: Marketing at Sygnia.
During her tenure at Sygnia, she spearheaded the marketing department, expanding assets from R4.7 billion
to over R232.9 billion and introducing several key products. Her extensive background includes a role as
Senior Producer at MTV Networks, where she innovated digital content strategies, along with various media
production roles at major U.S. networks. Holding a BA (Hons) in Art History from the University of Cape Town,
Ms. Corelli began her professional journey at the South African National Gallery and the Market Theatre. Ms
Corelli replaces Mr Wojtek Wierzycki (Head of Systems and Development) who has resigned as a director of
the Company with immediate effect. The board thanks Mr Wierzycki for his contribution as a director of the
Company.

Amendments to the notice of annual general meeting

1     Shareholders are referred to the announcement released on SENS on the 4th of December 2023
      regarding the Consolidated Annual Financial Results and dividend declaration for the year ended 30
      September 2023, distribution of Integrated Report and details of the Annual General Meeting
      ("AGM"), including the distribution of the Notice of AGM and form of proxy, that was distributed to
      shareholders with the Integrated Annual Report on 4 December 2024 ("Notice of AGM").
2     Shareholders are advised that, since the publication thereof, the Notice of AGM has been amended
      and the amended notice of AGM ("Amended Notice of AGM") will be made available and distributed
      to shareholders on Wednesday, 20 December 2023.
3     The reasons for the Amended Notice of AGM are as follows:
      a. Shareholders are required to elect directors appointed by the board during the year to fill a
           vacancy. Accordingly, an additional ordinary resolution (number 3.3) has been included for
           consideration by shareholders to provide for the election by shareholders of Ms Joanna Corelli as
           an executive director of the Company; and
      b. The board of directors of the Company has determined that it would be prudent to align the
           wording of the authorisation sought pursuant to special resolution number 3 with the language
           in section 45(2) of the Companies Act, No.71 of 2008, as amended ("the Act") to ensure
           compliance with the Act at all times and ensure that the financial assistance approvals obtained
           are sufficiently comprehensive as contemplated in the Act.
4     A revised form of proxy will accompany the Amended Notice of AGM, incorporating the additional
      ordinary resolution 3.3.

The Amended Notice of AGM and revised form of proxy, reflecting the additional ordinary resolution number
3.3 and revised special resolution number 3, are available on the Company's website at www.sygnia.co.za.

Shareholders are reminded that they can submit proxy forms or withdraw proxy forms already submitted
and provide amended proxy forms at any time prior to the time appointed for the AGM. For administrative
purposes, however, proxies should be submitted to the transfer secretaries before 10:00a.m. on Tuesday,
06 February 2024.

All the salient dates and times pertaining to the Notice of AGM remain unchanged, apart from the record
date to determine which shareholders are entitled to receive the Amended Notice of AGM which has
changed to Thursday, 14 December 2023.

The AGM will be held on Thursday, 08 February 2024 at 10:00am (SAST) in the auditorium of the offices of
the Company on the 7th floor of The Foundry, Cardiff Street, Green Point, Cape Town, 8001.

Cape Town
14 December 2023

Sponsor:
The Standard Bank of South Africa Limited

Date: 14-12-2023 03:29:00
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