LABAT AFRICA LIMITED - New Appointments and Changes to the Board of Directors

New Appointments and Changes to the Board of Directors

LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
(“Labat” or “the Company”)
ISIN Code: ZAE 000018354 Share code: LAB


NEW APPOINTMENTS AND CHANGES TO THE BOARD OF DIRECTORS


The Board of Labat is pleased to announce the appointments of Mr Gorden Walters (“Gorden”)
and Ntebele Stephen Mogapi (“Tebogo”) as executive directors with effect from 1 September
2018 following the acquisitions of Force Fuel Proprietary Limited and Force Fuel Properties
Proprietary Limited.

Gorden is an accountant and obtained a B Com (Accountancy) at the University of Western
Cape and an Honours B Compt. at the University of South Africa. Gorden has over 25 years of
extensive experience with 15 years in the energy/power sector where he spent over nine years
with a leading power utility company in Namibia as Group CFO for five years. He joined Trustco
as executive Director in 2007 and was instrumental in the listing for Trustco on the JSE in 2009. In
2011 Gorden joined a newly established South African IPP where he headed up the
M&A/project finance team, of which two large wind farms are fully operational.

Gorden will take over the position of Financial Director from Dave O’Neill (“Dave”), who will
remain as an executive director in order to ensure a smooth handover.

Tebogo obtained his Diploma in Business Management from the then South African Institute of
Management, as well as the Certificates in Professional Advanced Advertising and Marketing
Management. Tebogo has also completed the global executive development programme
with Wits Business School and global advancement programme from the Gordon Institute of
Business Science (‘GIBS”). He started his career in television broadcasting with Bop TV and soon
thereafter joined Coca Cola Export Corporation. He later moved to South African Breweries as
a sales manager and later regional manager. Tebogo also worked for MTN South Africa as
head of corporate sales division, MTN Nigeria as head of sales and distribution, MTN Swaziland
and MTN Liberia as their CEO. Tebogo will be the Chief Operating Officer of the Group, going
forward.

Both Gorden and Tebogo bring a wealth of experience to the Board and are welcomed by
the Board of Directors.

By order of the board.

Johannesburg
30 August 2018

Sponsor
Arbor Capital Sponsors Proprietary Limited

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