DRA Global Limited (JSE:DRA) News - Senior Leadership Update

DRA Global Limited
(Incorporated in Australia under the Corporations Act 2001 (Cth))
ACN 622 581 935
ASX / JSE Share Code: DRA
ISIN: AU0000155814
("DRA" or "the Company")
JSE Sponsor: Pallidus Capital Proprietary Limited

                                                    ASX / JSE ANNOUNCEMENT
                                                                                                              11 March 2022




SENIOR LEADERSHIP UPDATE

The Board of DRA Global Limited (ASX / JSE: DRA) (‘DRA’ or ‘the Company’) provides the following update
in relation to the senior leadership of the Company.

After nine years with the Company, Andrew Naude has informed the Board that he will step down as Managing
Director and CEO of DRA following an appropriate hand-over period.

Mr Naude joined DRA as a senior executive in 2013 and is DRA’s longest-serving director. He served as
Interim CEO in 2016 and has been Managing Director and Chief Executive Officer since 2019. He led DRA’s
international expansion from South Africa and oversaw its transformation into a global mining services
business operating on five continents with annual revenue exceeding $1 billion. Last year, DRA listed on the
Australian and Johannesburg securities exchanges creating a platform for further growth and long-term value
realisation, bringing to fruition the final milestone in DRA’s growth strategy set in 2016, which Mr Naude was
instrumental in developing and executing.

DRA Chairman Peter Mansell thanked Mr Naude for his service and contribution to DRA.

“On behalf of the Board, staff and shareholders we thank Andrew for his service to the Company, in particular
his belief in DRA’s potential and his willingness to be ambitious and champion change” Mr Mansell said.

Mr Naude commented: “I am proud to say that everything we set out to achieve in 2016 has been achieved. I
joined DRA to deliver a specific growth and internationalisation objective. Since then, DRA has doubled in size
through a successful international expansion to 4,700 employees and 19 offices worldwide and has become a
truly global service provider to the mining, minerals and metals sector. As a long-term shareholder and a strong
believer in DRA’s future and the quality of its people, I believe that DRA is ready for a new CEO to take us
through the next phase of operations as an established, global multi-disciplinary engineering, project delivery
and operations management group”.

The Company has commenced its search for a successor and will identify both internal and external candidates
for the permanent CEO position. The Board has identified James Smith, a senior executive who has been with
DRA since 2017 and is a current member of the global leadership team, to take over from Mr Naude as Interim
CEO effective from the annual general meeting to be held on 17 May 2022. Mr Smith has over 20 years’
experience with an extensive background in consulting advisory and strategy, and is currently responsible for
DRA’s Operations, Maintenance and Advisory business. The handover to Mr Smith will begin immediately,
and the terms of his interim appointment will be disclosed before it takes effect.

The Board has also undertaken an assessment of the most appropriate operating model to underpin delivery
of DRA’s next phase of strategic objectives. DRA’s Chairman Peter Mansell commented: “DRA has had a
successful journey to date, and we are establishing the Company’s strategic objectives and operating model
for the next phase of growth. For DRA’s people, clients and stakeholders this Interim CEO period will be very
much business as usual.”

Shareholders are advised that the suspension of the trading in DRA's securities on the JSE will be lifted
following the release of this announcement regarding the leadership changes.

- ENDS -

This announcement was approved for release by the Board of Directors of DRA Global Limited.


For further information, please contact:

Investor queries:                                                 Media enquiries:
Haydn von Maltitz                                                 Paul Ryan
Head of Corporate Affairs – DRA Global                            Citadel-MAGNUS
Ph: +61 8 6163 5939                                               M: +61 409 286 511
shareholders@draglobal.com                                        pryan@citadelmagnus.com


About DRA Global Limited
DRA Global Limited (ASX: DRA | JSE: DRA) (DRA or the Company) is a multi-disciplinary consulting, engineering, project delivery and
operations management group predominantly focused on the mining and minerals resources sector. DRA has an extensive global track
record, spanning more than three decades and more than 7,500 studies and projects as well as operations, maintenance, and optimisation
solutions across a wide range of commodities.

DRA has expertise in mining, minerals and metals processing and related non-process infrastructure including sustainability, water, and
energy solutions for the mining industry. DRA delivers advisory, engineering and project delivery services throughout the capital project
lifecycle from concept through to operational readiness and commissioning as well as ongoing operations, maintenance, and shutdown
services.

DRA, headquartered in Perth, Australia, services its global customer base through 19 offices across Asia-Pacific, North and South
America, Europe, Middle East, and Africa.



Date: 11-03-2022 07:30:00
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