METTLE INVESTMENTS LIMITED - Changes to the Board and Committees

Changes to the Board and Committees

METTLE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2008/002061/06)
JSE share code: MLE
ISIN: ZAE000257622
("Mettle” or "the Company")

CHANGES TO THE BOARD AND COMMITTEES

Shareholders are advised of the following changes to the Mettle board of directors (“the Board”) with
effect from 18 June 2020:
    •   the resignation of Mr Hendrik van der Merwe Scholtz as chairman and member of the
        Remuneration Committee and his appointment as chief executive officer (“CEO”) and member
        of the Social and Ethics Committee;
    •   the appointment of Mr Bruce Chelius as interim chairman and chairman of the Remuneration
        Committee;
    •   the resignation of Mr Hendrik Frederik Prinsloo as CEO and member of the Social and Ethics
        Committee;
    •   the appointment of Mr Raymond Fenner as a member of the Remuneration Committee; and
    •   the appointment of Mr Iaan van Heerden as a non-executive director. Mr Iaan van Heerden
        holds BLC, LLB and LLM (cum laude) degrees, and a Higher Diploma in International Tax. He
        served as an Investment Banking Director at Rand Merchant Bank and has more than 20 years’
        experience in, inter alia, investment banking, mergers and acquisitions, tax and corporate law.
        Iaan is a co-founder of Oryx Partners, which manages Dr Christo Wiese’s family office and is a
        strategic business partner of the Wiese family.

Mr Hendrik Frederik Prinsloo will remain an executive director of the Company.

Following these changes, the composition of the Board sub-committees are as follows:

Audit and Risk Committee
    •   Mr Raymond Fenner (Chairman);
    •   Mr Bruce Chelius; and
    •   Mr Marco Van Zyl Wentzel.

Remuneration Committee
    •   Mr Bruce Chelius (Chairman);
    •   Mr Marco Van Zyl Wentzel; and
    •   Mr Raymond Fenner.

Social and Ethics Committee
    •   Mr Bruce Chelius (Chairman);
    •   Mr Hendrik van der Merwe Scholtz; and
    •   Mr Justin Rookledge.

The Company welcomes Mr Iaan van Heerden to the Board and looks forward to his contribution.

Cape Town
19 June 2020

Designated Advisor
Questco Corporate Advisory (Pty) Ltd

Date: 19-06-2020 08:30:00
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