Changes to the board Remgro Limited (Incorporated in the Republic of South Africa) (Registration number 1968/006415/06) ISIN: ZAE000026480 Share code: REM ("Remgro" or "Company") CHANGES TO THE BOARD In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, the following changes to the board of directors of Remgro ("Board") are disclosed: Retirement of an independent non-executive director The Board hereby announces the retirement of Mr Paul Kenneth Harris as an independent non-executive director of the Board, with effect from the close of Remgro’s Annual General Meeting on 30 November 2020. The Board wishes to thank Mr Harris for his valuable contributions over many years. Appointment of an independent non-executive director The Board has approved the appointment of Mr Kgotlello Molehabamgoe Sere Rantloane as an independent non-executive director of the Board, with effect from the close of Remgro’s Annual General Meeting on 30 November 2020. Change in function of a director Mr Kgotlello Molehabamgoe Sere Rantloane has been appointed as a member of the Investment Committee, with effect from the close of Remgro’s Annual General Meeting on 30 November 2020. Ms Sonja Emilia Ncumisa De Bruyn has been appointed as a member of the Remuneration and Nomination Committee, with effect from the close of Remgro’s Annual General Meeting on 30 November 2020. Mr Josua Malherbe currently acts as co-deputy chairman of the Board with Mr Fred Robertson. The Board hereby announces that Mr Malherbe has stepped down as co-deputy chairman of the Company with effect from 30 November 2020. The Remgro Board Charter will be amended to provide for only one deputy chairman. Stellenbosch 30 November 2020 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 30-11-2020 05:40:00 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.