NETCARE LIMITED - Changes to the Board and Appointment of Audit Committee Member

Changes to the Board and Appointment of Audit Committee Member

NETCARE LIMITED
Incorporated in the Republic of South Africa
(Registration number 1996/008242/06)
JSE ordinary share code: NTC
ISIN: ZAE000011953
JSE preference share code: NTCP
ISIN: ZAE000081121
A2X share code: NTC
("Netcare" or the "Group")


CHANGES TO THE BOARD AND APPOINTMENT OF AUDIT COMMITTEE MEMBER


In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, Netcare
shareholders are advised that Mr Mark Bower has notified the board of directors ("Board") of
his intention to retire as Netcare's Chairperson, with effect from 30 September 2024.
Consequently, Mr. Bower will also step down as Chairperson of the Nomination Committee,
and as a member of the Audit, Risk, Remuneration and Social and Ethics Committees
respectively, also with effect from the same date.

Mr Bower joined the Netcare Board as an independent non-executive director in November
2015 and was appointed Chairperson effective 1 January 2023. The Board wishes to express
its sincere gratitude and appreciation to Mr Bower for his dedication, outstanding guidance
and wise stewardship, as well as his invaluable contributions over the past nine years and
wishes him well in his retirement and his future endeavours.

Shareholders are further advised that Mr Alex Maditse, currently an independent non-
executive director, has been appointed as the lead independent director. Mr Maditse, who
joined the Netcare Board in June 2023, has made significant contributions to the Group with
his extensive business acumen and expertise. Netcare is confident in his ability to effectively
lead the Board during this interim period.

To ensure that the Audit Committee remains validly constituted, Mr Ian Kirk, an independent
non-executive director of the Board, has been appointed as a member of the Audit Committee,
effective 30 September 2024.

A further announcement will be made in due course with regard to the appointment of a new
chairperson, as well as the reconstituted Board committees.


30 July 2024


Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 30-07-2024 08:44:00
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.