NUTUN LIMITED - Changes to Executive Management and the Board of Directors

Changes to Executive Management and the Board of Directors

Nutun Limited
(Incorporated in the Republic of South Africa)
Registration number: 2002/031730/06
JSE share code: NTU
ISIN: ZAE000167391
("Nutun" or "the company")


CHANGES TO EXECUTIVE MANAGEMENT AND THE BOARD OF DIRECTORS

In compliance with paragraph 6.71 of the JSE Limited ("JSE") Listings Requirements, shareholders are
advised of the following changes to the executive management and board of directors of Nutun:

Change in Chief Executive Officer of Nutun International and co-Chief Executive Officer of Nutun

Ruben Moggee ("Ruben"), who has served as Chief Executive Officer of the Nutun International division
since November 2024, will step down from this role, and as co-Chief Executive Officer of Nutun, with effect
from 30 September 2026. Ruben will remain on the board of Nutun and will transition from an executive to
a non-executive director. The board thanks Ruben for his contribution as Chief Executive Officer and looks
forward to his continued involvement in his new role.

Appointment of new Chief Executive Officer of Nutun International and co-Chief Executive Officer
of Nutun

With effect from 1 October 2026, Hans Zachar ("Hans") will be appointed Chief Executive Officer of Nutun
International and co-Chief Executive Officer of Nutun. Hans will also be appointed as an executive director
of the company with effect from the same date.

Hans joined the group in March 2023 as Chief Technology and Information Officer and was recently
appointed Chief Operating Officer of Nutun International. Hans has played a key role in driving Nutun's AI
and digitalisation strategy, and his appointment reflects Nutun's continued evolution from a traditional
business process outsourcing operator toward a technology and AI-led business model.

The board confirms that, in compliance with paragraph 6.73 of the JSE Listings Requirements, the required
fit and proper assessment has been conducted in respect of Hans' appointment as a director, and the board
is satisfied with the outcome thereof. In accordance with paragraph 6.74 of the JSE Listings Requirements,
Nutun further confirms that there are no positive statements to report in respect of the integrity information
contained in the director's declaration completed by Hans. The board congratulates Hans on his
appointment and looks forward to his contribution in this role.

Resignation of director

With effect from 30 September 2026, Roberto Rossi ("Rob") will step down as a non-executive director of
the company. Rob is one of the founders of Nutun and has served as a director of the company for many
years. The board thanks Rob for his dedication and valuable contribution over this period.

Sandton
28 July 2026

JSE equity sponsor:
Investec Bank Limited

Enquiries:
IR@nutun.com

Date: 28-07-2026 07:05:00
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