ALTRON LIMITED - Changes to the Board Committees Structure

Changes to the Board Committees Structure

ALTRON LIMITED
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code: AEL ISIN: ZAE000191342
("Altron" or "the Company")

CHANGES TO THE BOARD COMMITTEES STRUCTURE

As part of the Board's ongoing efforts to optimise its governance structures, shareholders
are advised of the following changes to the Altron Board committees structure, effective
from 1 February 2025:

1. The Nominations and Remuneration Committees will be combined into a single
   committee, henceforth referred to as the Nominations and Remuneration Committee
   ("NomRemCom") and with the following members:
   a) Dr. Phumla Mnganga (Chairperson – independent non-executive director);
   b) Mr. Grant Gelink (Member – independent non-executive director);
   c) Ms. Sharoda Rapeti (Member – independent non-executive director); and
   d) Mr. Tapiwa Ngara (Member – non-executive director).
2. Mr. Antony Ball will step down from all Board committees but will remain as a Board
   member.
3. Mr. Grigoris Kouteris will be appointed to the Investment Committee and Audit and
   Risk Committee, subject to confirmation by the shareholders of the Company at its
   next annual general meeting.
4. Dr. Phumla Mnganga will be appointed as a member of the Social, Ethics, and
   Sustainability Committee, subject to confirmation by the shareholders of the Company
   at its next annual general meeting.


Woodmead
29 January 2025

JSE Equity Sponsor
Investec Bank Limited

Date: 29-01-2025 04:20:00
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