SASFIN HOLDINGS LIMITED - Changes to the Board of Directors

Changes to the Board of Directors

Sasfin Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/002097/06)
Share code: SFN         ISIN: ZAE000006565
("Sasfin Holdings" or "the Group")

CHANGES TO THE BOARD OF DIRECTORS

We refer to the announcement made by the Group on 6 November 2023 wherein shareholders
were advised of Mr Deon de Kock's temporary medical leave. The Group hereby informs
shareholders in accordance with section 3.59 of the JSE Limited Listings Requirements, that
Mr de Kock has, in consultation with his medical team, decided to step down as Chair, non-
executive director and member of the Human Resources and Remuneration Committee of
Sasfin Holdings and Sasfin Bank Limited. This change is expected to take effect on 15 March
2024, subject to regulatory approval by the Prudential Authority.

The Group wishes to extend their sincere gratitude to Mr de Kock for his invaluable counsel
and his dedication and commitment in discharging his duties during his tenure and wishes him
all the best.

The board of directors of Sasfin Holdings ("Board") and Sasfin Bank Limited has nominated
the current lead independent director, Mr Richard Buchholz, as Chair to succeed Mr de Kock,
subject to regulatory approval by the Prudential Authority. The Board believes that following
his 6 years of service as an independent non-executive director on the Board and various of
its committees, Mr Buchholz has the necessary business insight, experience and leadership
skills to chair the Board going forward, and his appointment will ensure a seamless
succession.

A further announcement will be made regarding changes to Board committees in due course.

Johannesburg
12 February 2024

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 12-02-2024 12:00:00
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