AFINE INVESTMENTS LIMITED - Changes to Committees

Changes to Committees

AFINE INVESTMENTS LIMITED
APPROVED AS A REIT
(Incorporated in the Republic of South Africa)
Registration number 2020/852422/06
JSE share code: ANI       ISIN: ZAE000303947
("Afine" or "the Company" or "the Group")

CHANGES TO COMMITTEES

Pursuant to the recent changes arising from the new Companies Amendment Act, which
came into effect on 27 December 2024, shareholders are advised of the following
changes which have been made to the Social and Ethics and Remuneration
Committees:

Social and Ethics Committee ("SEC"): Mr JT Loubser, an executive director, has stepped
down from the SEC and Mr Gary du Preez, an independent non-executive director has
been appointed to SEC in order to ensure that the majority of the SEC members are non-
executive directors.

Remuneration Committee ("Remco"): The Remco had previously been dissolved and this
function was handled by the Board. The Remco has now been re-established and
comprises three non-executive directors with Mr Gary du Preez as the Remco Chairman
and Messrs Mike Watters and Darryl Kohler as members.

By order of the Board
Johannesburg

4 February 2025


Sponsor
AcaciaCap Advisors Proprietary Limited

Date: 04-02-2025 07:30:00
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