OUTsurance GROUP LIMITED - Retirement of director and changes in functions of directors

Retirement of director and changes in functions of directors

OUTSURANCE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2010/005770/06)
ISIN: ZAE000314084
Share code: OUT
("OGL")

RETIREMENT OF DIRECTOR AND CHANGES IN FUNCTIONS OF DIRECTORS

1. Retirement of director

In compliance with paragraph 3.59 of the JSE Limited Listings Requirements,
OGL shareholders are advised that Mr George Marx has given notice of his
retirement from the OGL and OUTsurance Holdings Limited (OHL) Boards with
effect from 12 September 2024.

George served on the OGL Board since November 2022 and on the OHL Board
since August 2008. He also served as the chairperson of the Audit, Risk and
Compliance Committee where he applied his extensive actuarial and financial
experience to the benefit of the Group.

The OGL and OHL Boards extend their gratitude to George for his many years
of dedicated service and wish him a wonderful retirement.

2. Changes in functions of directors

The OGL Board approved the split of the Audit, Risk and Compliance
Committee into an Audit Committee and a Risk and Compliance Committee, with
the membership of the committees being as follows with effect from 12
September 2024:

Audit Committee

Ms   Venessa Naidoo (chairperson)
Ms   Buhle Hanise
Ms   Tlaleng Moabi
Ms   Hantie van Heerden

Risk and Compliance Committee

Ms   Hantie van Heerden (chairperson)
Ms   Buhle Hanise
Ms   Tlaleng Moabi
Ms   Venessa Naidoo


Centurion
12 September 2024

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

Date: 12-09-2024 03:07:00
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