Enhanced Investments - Financial Portal

Appointment of an independent non-executive director

Published: 2024-01-18 11:36:00 ET

MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
JSE and A2X share code: MRF
ISIN: ZAE000060000
(“Merafe”)

 APPOINTMENT OF AN INDEPENDENT NON-EXECUTIVE DIRECTOR

 In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, Merafe shareholders are
 advised that Mr Ditshebo Stephen Phiri has been appointed as an independent non-executive director
 of the Merafe board of directors (“Board”) with effect from 1 February 2024.

 Mr Phiri holds B luris, LLB and LLM degrees. He has more than 20 years of experience in the
 South African mining sector including, inter alia, various roles at Royal Bafokeng Platinum Limited
 (where he served as chief executive officer (“CEO”)), Royal Bafokeng Holdings Proprietary Limited and
 previously served as CEO at Merafe for the period 1 March 2003 to 31 March 2010 and as non-
 executive director of the Board from 1 April 2010 to 2 March 2015.

 Mr Phiri is a member of the Council of International Platinum Association, he was a board member of
 the International Platinum Association before becoming its President/Chairman and was previously the
 Vice President of the Chamber of Mines (later the Minerals Council of South Africa).

 The Board welcomes Mr Phiri and looks forward to his contribution to the Merafe group.


 Sandton
 18 January 2024

 Sponsor
 One Capital

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

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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.