Afine Investments Limited announced the appointment of Mr. Gary du Preez as a non-executive director of the Company with effect from 12 July 2022. Mr. Du Preez has over 36 years' experience in securing and developing service station and commercial properties for both local and international oil companies and in his personal capacity. His various roles have given him exposure to all aspects required for the successful development of retail service stations and commercial properties, where Gary has been responsible for the development of over 90 service stations during his career to date, including four direct access rest and service areas service station developments located along national freeways.

Following completion of his articles in law in 1985, Mr. du Preez was appointed as property developer at BP South Africa. Between 1991 and 1997 Mr. Du Preez worked for Sasol Oil as Property Development Manager. Gary was also appointed as a director of Sasol Oil Mozambique where he was responsible for the development of a new service station network in that country in conjunction with a joint venture local oil company partner.

In 1998 Mr. Du Preez set up a property development company which specialised in acquiring existing service station properties and redeveloping the properties, with a back-to-back agreement with Sasol Oil to take over the shareholding in the company after five years. Between 1998 and 2002, 25 service station properties were acquired and redeveloped in this company. Between 2010 and 2015 Gary was contracted by Engen Oil to assist in the development of new service stations.

Currently, Mr. Du Preez is self-employed as a director of Terra Optimus Property Developments (Pty) Ltd. Shareholders are further advised that Mr. Du Preez will also be appointed as a member of the Company's Audit and Risk Committee and its Remuneration Committee on the Effective Date. The Board wishes to advise that Mr. Peter Todd has resigned as a non-executive director of the Company and member of the Company's Audit and Risk Committee as well as Remuneration Committee with effect from 12 July 2022.