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SYGNIA LIMITED (Incorporated in the Republic of South Africa) (Registration number 2007/025416/06) Share code on the JSE and A2X: SYG ISIN: ZAE000208815 (“Sygnia” or the “Company”) CHANGES TO THE BOARD OF DIRECTORS In compliance with paragraph 3.59 of the JSE Listings Requirements, shareholders are advised that the Company’s board of directors has reluctantly accepted the resignation of Mr David Hufton as chief executive officer of the Company and respects his decision to take a career break after more than 30 years in the financial services industry. Mr Hufton will continue to serve in his current role until 30 April 2023 in order to facilitate a smooth transition in leadership. He will also be available thereafter to assist as and where required. The board is pleased to further advise that Ms Magda Wierzycka will resume her role as chief executive officer of the Company with effect from 1 May 2023. Ms Wierzycka is the co-founder of Sygnia and previously served as its chief executive officer from inception in November 2006. Professor Haroon Bhorat will be appointed as the independent non-executive chairman of the Company with effect from 1 May 2023. Professor Bhorat previously held the position of chairman from 11 June 2015 to 7 June 2021. The Sygnia board expresses its sincere thanks to Mr Hufton for his contribution to the continued success of the Company and wishes him well in his future endeavours. Cape Town 03 February 2023 Sponsor: The Standard Bank of South Africa Limited
