Arrowhead Properties Limited A (JSE:AHA) News - Changes to the Arrowhead board of directors

ARROWHEAD PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2007/032604/06)
JSE share code: AHA ISIN: ZAE000275491
JSE share code: AHB ISIN: ZAE000275509
(Approved as a REIT by the JSE)
(“Arrowhead” or “the Company”)
_______________________________________________________________________________________

CHANGES TO THE ARROWHEAD BOARD OF DIRECTORS
_______________________________________________________________________________________

Shareholders are referred to the (i) category 1 circular and accompanying revised listing particulars (“Circulars”)
which were distributed to Shareholders on 10 December 2021, (ii) results of the Arrowhead general meeting
announced on 14 January 2022 and (iii) the joint finalisation announcement by Arrowhead and Fairvest Property
Holdings Limited on 18 January 2022.

The Company hereby wishes to confirm the following appointments to the Arrowhead board of directors
(“Arrowhead Board”), effective from the operative date of the Scheme (as defined in the Circulars), which is
expected to be from the commencement of trade on 31 January 2022:


 Director                      Capacity                                Board committee membership

 Darren Wilder                 Chief executive officer                 Investment

 Jacques Kriel                 Chief financial officer                 Investment

 Ndabezinhle Mkhize            Chairman                                Remuneration, nomination,
                               Independent non-executive director      Investment (Chair)

 Jacques du Toit               Independent non-executive director      Remuneration, nomination,
                                                                       Investment

 Louis Andrag                  Independent non-executive director      Remuneration, nomination (Chair),
                                                                       Social and ethics (Chair),
                                                                       Investment

 Khegu Nkuna                   Independent non-executive director      Audit and risk,
                                                                       Investment

 Advocate Jacob Wiese          Independent non-executive director      Audit and risk,
                                                                       Investment

The following directors will remain on the Arrowhead Board:


 Director                    Capacity                              Board committee membership

 Nozipho Makhoba             Independent non-executive director    Audit and risk (Chair)
                                                                   Investment

  Arnold Basserabie*          Independent non-executive director   Investment
* Previously chairman of the audit and risk committee


The following directors will resign from the Arrowhead Board and board committees:


 Director                    Capacity previously held              Board committee membership
                                                                   previously held

 Mark Jonathan Kaplan        Chief executive officer               Investment,
                                                                   Social and ethics

 Junaid Limalia              Chief financial officer               Investment

 Gregory Stephen Kinross     Chairman                              Nomination (Chair),
                             Independent non-executive director    Remuneration

 Taffy Monty Adler           Independent non-executive director    Remuneration, nomination,
                                                                   Social and ethics

 Sam Mokorosi                Independent non-executive director    Social and ethics (Chair),
                                                                   Investment (Chair),
                                                                   Audit and risk

The Arrowhead Board would like to express their appreciation to the departing members of the Arrowhead
Board for their valuable contribution towards the Company and its success.

The Arrowhead Board accepts responsibility for the information contained in this announcement insofar as it
relates to Arrowhead. To the best of the Arrowhead Board's knowledge and belief, the information contained in
this announcement is true and the announcement does not omit anything likely to affect the importance of the
information.

19 January 2022

_______________________________________________________________________________________

Lead corporate advisor
Ferryman Capital Partners Proprietary Limited

Joint corporate advisor and transaction sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Attorney and competition law advisor
Cliffe Dekker Hofmeyr Incorporated

Date: 19-01-2022 04:37:00
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