MPACT LIMITED - Appointment of independent non-executive director and changes to board committees

Appointment of independent non-executive director and changes to board committees

MPACT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2004/025229/06)
Share Code: MPT ISIN: ZAE000156501
(“Mpact” or “the Company”)

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHANGES
TO BOARD COMMITTEES

In compliance with paragraph 3.59 of the JSE Limited Listings
Requirements, shareholders are advised that Mr Sibusiso
Luthuli has been appointed to Mpact’s Board of Directors (“the
Board”) as an independent non-executive director, with effect
from 21 December 2018.

Sibusiso is a seasoned professional with over 20 years’ of
audit and risk experience. He currently serves as a Director
and Chairman of the Audit and Risk Committee of BCX Limited
and as Deputy Chairman of Batseta Council of Retirement Funds
for South Africa. In addition, Sibusiso will be appointed as a
member of Mpact’s Audit and Risk Committee. He previously
served as a Director and Chairman of the Audit and Risk
Committee of Telkom SA Limited, as a member of the Audit and
Risk Committee of eThekwini Municipality, as Managing Director
of Ithala Bank and as Chief Executive and as Principal Officer
for Eskom Pension Fund.

The Board is very pleased to welcome Sibusiso and looks
forward to his contribution to the overall strategy of the
Company.

Shareholders are further advised that Mr BW Strong has been
appointed as an additional member of the Company’s Social and
Ethics Committee with effect from 21 December 2018.

Johannesburg
20 December 2018

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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