AFRIMAT LIMITED - Changes to the Board and Board Committee

Changes to the Board and Board Committee

AFRIMAT LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT
ISIN: ZAE000086302
(“Afrimat” or “the Company”)

CHANGES TO THE BOARD AND BOARD COMMITTEE

In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, the board of
directors of the Company (“the Board”) wish to advise shareholders of the following changes
to the Board and its Audit and Risk Committee with effect from 1 May 2022:

Board
The Board is pleased to announce the appointment of Ms Sisanda Tuku (“Ms Tuku”) as a
non-executive board member.

Audit and Risk Committee of the Company
Ms Tuku has been appointed as a member of the Audit and Risk Committee of the Company.

Ms Tuku holds a BCom Financial Accounting (Honours) and is a qualified Chartered
Accountant registered with the South African Institute of Chartered Accountants (“SAICA”).
She has over 18 years’ experience in the financial services sector, with extensive experience
in structured finance, capital raising, corporate finance, infrastructure and public private
partnerships financial advisory. Ms Tuku is currently the Chief Executive Officer of THEZA
Capital (Pty) Ltd, a financial advisory services company with a 14-year track record of ground-
breaking transactions. Ms Tuku is passionate about elevating people, the businesses she is
involved in as well as developing her leadership skills. In 2016, she was selected to be part
of the International Women’s Forum Leadership Foundation Fellows Programme for
emerging global leaders in conjunction with the Harvard and INSEAD Business Schools.

Prior to this, Ms Tuku was part of Investec Bank’s structured finance team where she was
responsible for funding transactions in the mid-market space, including mergers and
acquisitions, leveraged buyouts as well as black economic empowerment deals.

The Board would like to welcome Ms Tuku to the Company and wishes her well in her
respective positions.

Cape Town
26 April 2022

Sponsor
PSG Capital

Date: 26-04-2022 03:00:00
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