eXtract GROUP LIMITED - Changes to directors functions

Changes to directors functions

 EXTRACT GROUP LIMITED
 (Incorporated in the Republic of South Africa)
 (Registration number 1998/011672/06)
 JSE share code: EXG       ISIN: ZAE000246013
 (“eXtract” or “the Company”)


CHANGES TO DIRECTORS FUNCTIONS


Shareholders are referred to the changes to the board of director’s announcement released on SENS on
23 February 2018 wherein shareholders were advised of the reconstitution of the board of directors of eXtract
(“the board”).

Following a dispensation obtained from the JSE, the board has determined that, until 30 June 2018, Jannie
Serfontein will be employed as chief executive officer of eXtract. The appointment of a new chief executive
officer and financial director with effect from 1 July 2018 will be announced in due course.

Accordingly, the board of eXtract has been reconstituted as follows:

- Until 30 June 2018:
  - Jannie Serfontein will be employed as chief executive officer and financial director;
  - Nelis Leonard will be a non-executive director and member of the audit committee;
  - Frank Davidson will be the lead independent non-executive director and member of the audit committee;
    and
  - Fedja Basic will be an independent non-executive director and member of the audit committee.

3 May 2018


Sponsor
Java Capital

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