RFG HOLDINGS LIMITED - Changes to the board of directors and board committees

Changes to the board of directors and board committees

RFG HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2012/074392/06)
JSE share code: RFG
ISIN: ZAE000191979
("the Company" or "Group")

CHANGES TO THE BOARD OF DIRECTORS AND BOARD COMMITTEES

CHANGES TO THE BOARD
In compliance with paragraph 3.59 (a) of the JSE Limited Listings Requirements, shareholders are advised of
the appointment of Zeyn Rashid Angamia and Tom Blok as a non–executive director and independent non-
executive director, respectively, to the board of the Company (the "Board") with effect from 9 December 2024.

Zeyn Rashid Angamia has over 20 years' experience in private equity investing in South Africa. After starting
his career in auditing and later corporate finance at PricewaterhouseCoopers, he was a partner at Medu Capital
for almost a decade before co-founding Adinah Capital Partners in 2013. He serves as a non-executive director
of a number of private companies in the Capitalworks private equity portfolio and has extensive board and
committee experience in the listed and unlisted environment.

A chartered accountant by profession, Tom had a 33-year career at PricewaterhouseCoopers, including 21
years as a partner and director. He has extensive experience in the fields of corporate governance, IT risk
assurance, cyber security, fraud and risk management, data analytics and business resilience. He is also a
certified information systems auditor, certified internal auditor and certified director. Tom has been an
independent business consultant and professional non-executive director for the past five years.

The Board welcomes Messrs. Angamia and Blok and looks forward to working with them.

Further, in accordance with paragraph 3.59(b) of the JSE Limited Listings Requirements, the Board wishes to
advise that Mr. Chad Leonard Smart has resigned as non-executive director of the Company with effect from 9
December 2024. The Board would like to extend its appreciation to Mr. Smart for his guidance, contributions,
and commitment to the Company over the past 12 years.

CHANGES TO BOARD COMMITTEES
Shareholders are advised that the Board has resolved, subsequent to the appointment of Messrs. Zeyn Rashid
Angamia and Tom Blok, to implement the following changes to the Company's Board Committees, with effect
from 10 December 2024:

    -   Mr. Tom Blok, an independent non-executive director, has been appointed as a member of the Audit,
        Risk and Information Technology Committee;
    -   Mr. Garth John Henry Willis, a non-executive director, has stepped down as a member of the Social
        and Ethics Committee;
    -   Ms. Selomane Maitisa, an independent non-executive director, has stepped down as a member of
        the Social and Ethics Committee;
    -   Mr. Tom Blok, an independent non-executive director, has been appointed as a member of the Social
        and Ethics Committee;
    -   Mr. Zeyn Rashid Angamia, a non-executive director, has been appointed as a member of the Social and
        Ethics Committee;
    -   Ms. Selomane Maitisa, an independent non-executive director, has been appointed as a member of
        the Nominations Committee;
    -   Mr. Garth John Henry Willis, a non-executive director, has been appointed as a member of the
        Nominations Committee;
    -   Mr. Zeyn Rashid Angamia, a non-executive director, has been appointed as a member of the
        Remuneration Committee; and
    -   Ms. Selomane Maitisa, an independent non-executive director, has been appointed as a member of
        the Remuneration Committee.

Accordingly, the various Board Committees will be comprised as follows:

Audit, Risk and Information Technology Committee
Venessa Sharron Naidoo (Chairperson)
Tom Blok
Selomane Maitisa
Thabo Patrick Leeuw

Social and Ethics Committee
Bongiwe Nomandi Njobe (Chairperson)
Tom Blok
Zeyn Rashid Angamia

Nominations Committee
Yvonne Gladys Muthien (Chairperson)
Venessa Naidoo
Bongiwe Nomandi Njobe
Thabo Patrick Leeuw
Selomane Maitisa
Garth John Henry Willis

Remuneration Committee
Thabo Patrick Leeuw (Chairperson)
Garth John Henry Willis
Bongiwe Nomandi Njobe
Zeyn Rashid Angamia
Selomane Maitisa

Upon the resignation of Thabo Patrick Leeuw as a director of the Company on the 20th of March 2025, Selomane
Maitisa shall assume the position of Chairperson of the Remuneration Committee.

Groot Drakenstein
10 December 2024

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 10-12-2024 02:15:00
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