Hulamin Limited (JSE:HLM) News - Changes to the Board

HULAMIN LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1940/013924/06
JSE Code: HLM
ISIN: ZAE000096210
(“Hulamin”, the “Group” or the “Company”)

CHANGES TO THE BOARD

Retirement of current CEO and appointment of interim CEO

Shareholders are advised that the Chief Executive Officer (“CEO”) of Hulamin, Mr Richard Jacob, will retire on
30 September 2022.

Richard joined Hulamin 32 years ago and has fulfilled the role of CEO for the last 12 years. The Board thanks
Richard for his loyalty, commitment and leadership and wishes him well in his future endeavours.

Shareholders are further advised that Mr Geoff Watson, an independent, non-executive Board member, will be
appointed as the interim CEO with effect from 1 October 2022. The Nomination Committee will commence a
process to appoint a permanent CEO.

Geoff has broad global industrial experience spanning across China, Asia, Russia, the USA, Africa and Australia
with core expertise in the aluminium processing industry. Geoff has held executive positions with Alcoa Kaal
Australia, Alcoa Bohai (China), Steelforce (Australia), Seema International (Hong Kong) and UC Rusal
(Switzerland). The Board has confidence that Geoff is well placed to manage Hulamin until a permanent CEO is
appointed.

Whilst Geoff’s appointment is only formally effective from 1 October 2022, Richard and Geoff have commenced
a handover process in the interim.

Changes to Board committees

Following Geoff’s appointment as the interim CEO, he will resign as a member of the Remuneration and
Nomination Committee and as the Chairman of the Risk Committee. Dr Boni Mehlomakulu will replace Geoff as
the Chairman of the Risk Committee and Mr Naran Maharajh will replace Geoff on the Remuneration and
Nomination Committee. These changes will be effected immediately.

The composition of the aforementioned committees following the changes will be as follows:

Remuneration and Nomination Committee                   Risk Committee
Mr C Boles (Chairperson)                                Dr B Mehlomakulu (Chairperson)
Mr TP Leeuw                                             Mr GHM Watson
Mr N Maharajh                                           Mr M Gounder
                                                        Mr RL Larson
                                                        Mr TP Leeuw
                                                        Mr N Maharajh

Pietermaritzburg
4 August 2022

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 04-08-2022 07:15:00
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