Changes to the Board NEWFUNDS (RF) (PROPRIETARY) LIMITED (Registration number 2005/034899/07) (“NewFunds” or “the Company”) (“the Portfolios”) Share Code: ISIN: Exchange NFNAMB ZAE000276770 JSE NFNAMA ZAE000276770 Namibia (NSX) GIVISA ZAE000205225 JSE NERA (GIVISA) ZAE000205225 Stock Exchange Mauritius MAPPSG ZAE000153763 JSE MAPPSP ZAE000153771 JSE NFEDEF ZAE000254868 JSE NFEHGE ZAE000254876 JSE NFEMOD ZAE000254884 JSE NFEMOM ZAE000162236 JSE NFEVAL ZAE000252466 JSE NFEVOL ZAE000252458 JSE NFGOVI ZAE000161949 JSE NFILBI ZAE000162244 JSE NewFunds (NFILBI) ZAE000162244 Botswana Stock Exchange NFSH40 ZAE000130431 JSE NFTRCI ZAE000162251 JSE A Portfolio under the NewFunds Collective Investment Scheme in Securities (“NewFunds”) registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 and managed by NewFunds (RF) Proprietary Limited (Registration Number 2005/034899/07) (the “Manager”). CHANGES TO THE BOARD OF DIRECTORS In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited (“JSE”), NewFunds hereby notifies its securities holders of the following changes to the Board of NewFunds with effect from 26 November 2020. The resignation of Mr Douglas Austen Lorimer as an independent non-executive director and member of the Audit, Risk and Compliance Committee. The Board wishes to thank Mr Lorimer for his service during his tenure. The appointment of Ms Yvonne Matsoarelo Maitin as an independent non-executive director of the Board and member of the Audit, Risk and Compliance Committee of the NewFunds. Ms Maitin is currently the Chief Executive Officer and co-founder of a private equity firm which specialises in early-stage and growth investments, more specifically towards companies who would contribute to job creation, social upliftment and economic growth. Ms Maitin has over 18 years’ finance experience having served in various senior positions and her experience in finance would be beneficial to the Company. NewFunds welcomes Ms Maitin to the board and looks forward to her contribution to the Company. 27 November 2020 Sponsor Vunani Sponsors Date: 27-11-2020 05:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.