COMAIR LIMITED - Change to the Board

Change to the Board

Comair Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1967/006783/06)
ISIN: ZAE00002983
Share Code: COM
(“Comair” or “the Company”)

CHANGE TO THE BOARD

In accordance with paragraph 3.59(b) of the JSE Limited Listings Requirements, the board of
directors of the Company (“the Board”) wishes to advise that Mr. Pieter van Hoven has taken
a decision to retire as chairperson of the board. Mr Van Hoven will however continue to serve
on the board as an Independent Non-Executive Director. His retirement as Chairperson will
take effect immediately following the Company’s Annual General Meeting to be held on or
about Tuesday, the 29st of October 2019. An announcement regarding the new chairman of
the board will be made in the next few weeks.

The Board would like to thank Mr. Van Hoven for his invaluable service and contribution to the
Company as Chairperson of the Board over the past approximately 8 years.

Bonaero Park
26 August 2019

Sponsor
PSG Capital

IMPORTANT NOTICE TO FOREIGN SHAREHOLDERS AND PROSPECTIVE INVESTORS

FOREIGN SHAREHOLDERS AND PROSPECTIVE INVESTORS IN COMAIR LIMITED (“COMAIR”) SHOULD
NOTE THAT, IN ORDER TO ENABLE COMAIR (AS A LICENSED AIR SERVICES OPERATOR IN SOUTH
AFRICA) TO REMAIN COMPLIANT WITH THE FOREIGN OWNERSHIP RESTRICTION CONTAINED
SECTIONS 16(4)(c) AND 19(a) OF THE AIR SERVICES LICENSING ACT, NO. 115 OF 1990, THE VOTING
RIGHTS OF FOREIGN SHAREHOLDERS MAY BE DECREASED PROPORTIONATELY SUCH THAT THE
VOTING RIGHTS OF FOREIGN SHAREHOLDERS DO NOT, IN AGGREGATE, EXCEED 24.99%. FOREIGN
SHAREHOLDERS AND PROSPECTIVE INVESTORS ARE REFERRED TO THE COMAIR’S MEMORANDUM OF
INCORPORATION AND WEBSITE (www.comair.co.za) FOR FURTHER DETAILS. IF FOREIGN
SHAREHOLDERS OR PROSPECTIVE INVESTORS ARE IN ANY DOUBT AS TO WHAT ACTION TO TAKE THEY
SHOULD SEEK ADVICE FROM THEIR BROKER, ATTORNEY OR OTHER PROFESSIONAL ADVISER.

Date: 26/08/2019 11:25:00
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