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ADvTECH Limited (Incorporated in the Republic of South Africa) (Registration number 1990/001119/06) Share code: ADH ISIN: ZAE000031035 (“ADvTECH” or “the Group”) CHANGES TO THE BOARD OF DIRECTORS RETIREMENT OF CEO ROY DOUGLAS AND APPOINTMENT OF GEOFF WHYTE AS SUCCESSOR In accordance with paragraph 3.59 (a) of the JSE Limited Listings Requirements, the board of directors of ADvTECH (“Board”) announce that Mr Roy Douglas (“Roy”) will step down from his role on the Board effective 29 February 2024. Roy will remain with the Group for a suitable period after he steps off the Board to ensure a seamless handover. Roy has successfully led the Group in its expansion strategy during his tenure, resulting in ADvTECH becoming the leading private education and recruitment group across the continent. He has refocused the educational division brand portfolios into well positioned brands with distinct value offerings. This, together with a focus on effectiveness and efficiencies, resulted in a solid competitive advantage, and an agile and adaptive business model. Also, noteworthy, is his leadership through a pandemic by remaining responsive to a dynamic environment, where more than 70 000 students were seamlessly transitioned to an online environment. He leaves ADvTECH in a strong position to continue its growth trajectory. The Board wishes to thank Roy for his invaluable contribution during his tenure as CEO of the ADvTECH Group and wishes him well in his retirement. The Board is excited to announce the appointment of Mr Geoff Whyte (“Geoff”) as Group Chief Executive Officer (“CEO”) and Executive Director with effect from 1 March 2024. Geoff holds a Master’s degree in economics from the University of Aberdeen, Scotland, and has more than 30 years’ experience across various industries. He is a commercially focused business leader with executive experience in global organisations including Unilever, PepsiCo, Cadbury-Schweppes, SAB-Miller and Nando’s. Geoff has a record of success in a wide variety of geographies including South Africa, the UK, the USA, Holland, the rest of Africa, the Middle-East and sub-continental India. Commenting on the appointment, ADvTECH Chairman Chris Boulle said: “We are confident that Geoff’s track record and experience will enable him to build on the Group’s successes.” Accepting the appointment Geoff said: “I am grateful for the opportunity and the faith the Board has placed in me. I look forward to continuing to help to build and grow this exceptional business, to ensure ongoing value creation, and the development of quality education in South Africa and the rest of Africa”. 4 December 2023 Johannesburg Sponsor: Bridge Capital Advisors Proprietary Limited
