APPOINTMENT OF DIRECTOR

In accordance with paragraph 3.59(a) of the JSE Limited Listings Requirements, the board of directors of the Company (“the Board”) wishes to advise that Mr Lee McCann has been appointed as a chief executive officer and executive director of the Company with immediate effect.

Currently serving as the Director of New Business Development at Sail Group. Lee joined the group in early 2014 as Head of Trading where he was soon appointed as a Director. Prior to joining the group, Lee spent over 6 years as a Market Analyst managing a wide range of marketing processes and projects at Xstrata. With over 12 years of experience in the commodity trading and resources space, Lee brings a wealth of knowledge, skill and experience. Lee has an MBA and a B Com Hons Degree in Business Management.

The Board welcomes Mr McCann and looks forward to their contributions to the Company.

Johannesburg
8 May 2020

Designated Advisor
PSG Capital