Enhanced Investments - Financial Portal

Retirement of the chairman of the board and changes to the board and board committees

Published: 2024-04-10 16:46:19 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” or the “Company”)

RETIREMENT OF THE CHAIRMAN OF THE BOARD AND CHANGES TO THE BOARD AND
BOARD COMMITTEES

In terms of paragraph 3.59(b) of the JSE Limited Listings Requirements, Merafe shareholders
(“Shareholders”) are advised that Mr Abiel Mngomezulu will retire as an independent non-executive
director of the Company and chairman of the Merafe board of directors (“Board”), (“Chairman”) at the
Company’s annual general meeting, which is expected to be held on or about Wednesday, 15 May 2024
(“2024 AGM”).

The Board would like to thank Mr Mngomezulu for his exemplary leadership and significant contributions
made to the Board and the Company during the 13 years he served as an independent non-executive
director of the Company, 5 years of which he served as Chairman.

Shareholders are further advised that Mr Ditshebo Stephen Phiri, an independent non-executive
director of the Company, will be appointed as Chairman, chair of the Nomination Committee and as a
member of the Remuneration Committee and Social, Ethics and Transformation Committee with effect
from the conclusion of the 2024 AGM.


Sandton
10 April 2024

Sponsor
One Capital

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.