Enhanced Investments - Financial Portal

Changes to the Board: Resignation of the Chief Executive Officer

Published: 2023-07-10 17:45:27 ET

         BELL EQUIPMENT LIMITED
         (Incorporated in the Republic of South Africa)
         (Registration number 1968/013656/06
         Share code: BEL
         ISIN: ZAE000028304
         ("Bell Equipment" or “the Company”)


         CHANGES TO THE BOARD: RESIGNATION OF THE CHIEF EXECUTIVE OFFICER

         In compliance with paragraph 3.59 of the JSE Limited Listings
         Requirements, shareholders of Bell Equipment (“Shareholders”) are
         hereby advised that Mr Leon Goosen has tendered his resignation as
         chief executive (“CEO”) to pursue another opportunity. Leon will step
         down as CEO with effect from 31 December 2023. This will ensure a
         smooth transition and handover to his successor.

         Leon joined the Bell Equipment Board of Directors in January 2009 and
         was the chief operations officer from December 2014 until he was
         appointed as the CEO in 2018.

         Mr Gary Bell, Chairman of the Board, thanked Leon for his valuable
         contribution to Bell Equipment during his tenure as CEO saying, "Leon
         has played a pivotal role in driving the success of the Group and the
         Board wishes him well in his future endeavours."

         A process to appoint a new CEO will be initiated in due course and an
         announcement will be published once an appointment is made.


         Richards Bay
         10 July 2023

         Sponsor
         INVESTEC BANK LIMITED




Data Classification: Price Sensitive

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.