The board of directors of Buka Investments Limited announced the following changes to the Board and its committees, effective 1 August 2022: Esna Colyn is stepping down as Chief Executive Officer and her role will change to that of a non-executive director. Mrs. Colyn will be appointed as chairman of the Remuneration Committee and remains a member of the Social and Ethics Committee. The appointment of Abdurrahim Bux as Chief Executive Officer.

Mr. Bux will resign as chairman of the Remuneration Committee and will be appointed as a member of the Social and Ethics Committee. The resignation of Aboobaker Cassim as Financial Director. The appointment of Werner Grobbelaar (51), BCom (Accountancy), HDip Company Tax Law, HDip Contemporary Art, MA Contemporary Art, as Financial Director of the Company and as a member of the Social and Ethics Committee.

Mr. Grobbelaar is the incumbent Group Financial Manager of B&B Media (Pty) Limited, a material shareholder of the Company, and has been with B&B Media (Pty) Limited since 2020. He was previously an accountant at Alexander & Co of London and Cheadle, Thompson & Haysom Inc. The resignation of Paige Atkins as Company Secretary, having accepted a position with a large corporate, effective 31 July 2022.