Enhanced Investments - Financial Portal

Sabcap changes to board roles

Published: 2022-12-12 08:30:27 ET

SABVEST CAPITAL LIMITED
(Incorporated in South Africa)
(Registration number 2020/030059/06)
Share code: SBP
ISIN: ZAE000283511
(“Sabcap”)

SABCAP CHANGES TO BOARD ROLES

Shareholders are advised of the following changes, effective 31 December 2022:

   •       There will no longer be a position of Deputy Chairman;
   •       Funke Ighodaro will be appointed Lead Independent Director in place of Bheki Shongwe who
           steps down after a lengthy tenure in the role;
   •       Funke Ighodaro will be appointed Chair of the Investment Committee in place of Kuben
           Pillay; and
   •       Bheki Shongwe will be appointed Chair of the Social and Ethics Committee in place of
           Lindiwe Mthimunye.

The board continues to comprise four independent non-executive directors (INEDs) and three executive
directors. The Board has five committees and each INED now chairs at least one committee.

Sandton

12 December 2022

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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.