TRANSNET SOC LIMITED - Transnet SOC Limited: Board Changes

Transnet SOC Limited: Board Changes

Transnet SOC Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1990/000900/30)
Issuer Bond Code: BITRA
("Transnet", "the Company" or the "Issuer")


ESTABLISHMENT OF A NEW BOARD COMMITTEE AND CHANGES TO THE COMPOSITION OF BOARD COMMITTEES


Transnet wishes to notify noteholders of the establishment of a new board committee and changes to the
other board committee membership effective 09 July 2025 subject to the Shareholder Minister's noting,
approval and/or confirmation:

1. The board has established Business Operations Performance Committee as its additional non-
   statutory committee (the "Committee"). The Committee shall be responsible for, amongst others,
   tracking and monitoring business operations in a streamlined and integrated way amid the recovery
   and the reforms taking place.

2. The following Non-Executive Directors, by virtue of their knowledge, skills and experience, shall
   serve as the members of the Committee:
       a. Ms Refilwe Buthelezi (Member and Chairperson);
       b. Mr Martin Debel (Member);
       c. Mr Busisa Jiya (Member);
       d. Prof Sydney Mufamadi (Member);
       e. Mr Dipak Patel (Member); and
       f. Ms Boitumelo Sedupane (Member).

3. The board has also made changes to other board committees as a result of the establishment of
   the above committee, as outlined below:
       a. The appointment of Mr Busisa Jiya and removal of Ms Refilwe Buthelezi at the Audit
          Committee (Subject to approval by the Shareholder Minister);
       b. The appointment of Mr Dipak Patel and removal of Mr Busisa Jiya at the Remuneration,
          Social and Ethics Committee (Subject to confirmation by the Shareholder Minister);
       c. The appointment of Ms Refilwe Buthelezi and removal of Ms Boitumelo Sedupane as a
          member of the Corporate Governance and Nominations Committee.

All other appointments of members of the various board committees, as previously announced, remain
unchanged.

The appointments were made in accordance with the Company Memorandum of Incorporation subject to
the Shareholder Minister's noting, approval and/or confirmation as outlined above.


10 July 2025
JSE Debt Sponsor
Absa Corporate and Investment Bank (a division of Absa Bank Limited)

Date: 10-07-2025 02:24:00
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