WILSON BAYLY HOLMES-OVCON LIMITED - Changes to the Directorate and Board Committees

Changes to the Directorate and Board Committees

Wilson Bayly Holmes - Ovcon Ltd
(Incorporated in the Republic of South Africa)
(Registration number 1982/011014/06)
Share code: WBO ISIN: ZAE000009932

Changes to the Directorate and Board Committees

Incoming Chairman and CEO Appointments and Retirement of the current
Chairman

Further to the announcement on 19 August 2019 and in terms of our continuous
engagement with shareholders, the board confirms that :

   -   Mr Louwtjie Nel has stepped down as CEO of the Group, effective 20 November 2019 at
       the Company’s AGM and will become Chairman on that date;
   -   Mr Wolfgang Neff officially assumes the position of CEO of the Group on Louwtjie’s
       change in roles at the AGM, effective 20 November 2019.

Mr Mike Wylie retired at the AGM on Wednesday, 20th November 2019 as executive
chairman. He served as chairman of the board for 17 years.

The incoming Chairman of the Board, Mr Louwtjie Nel, expressed the Boards
appreciation, gratitude and heartfelt thanks to Mr Wylie’s leadership and his invaluable
contribution and guidance as the retiring chairman of the board.

Appointments

Mr Wolfgang Neff will join the board with effect from 20 November 2019 as an executive
director in the capacity as CEO.

Board Committees

Following implementation of the abovementioned change in directorate to the Board, the
Nomination Committee will be constituted as follows :

Ross Gardiner ( Chairman )
Cobus Bester
Karen Forbay
Savannah Maziya
Hatla Ntene
Louwtjie Nel

The members and chairpersons of the remaining four sub-committees will continue in
their current roles.

Johannesburg
20 November 2019

Sponsor
Investec Bank Limited

Date: 20/11/2019 04:00:00
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