Shareholders are advised that Ivan Saltzman, who co-founded Dis-Chem with his wife Lynette in 1978, has announced that he will step down as Chief Executive Officer at the end of June 2023. Saltzman will remain an executive director on the Board and continue to serve as an active member of the executive management team, with his role including an emphasis on the Group's commitment to accelerate retail space growth, together with a concentrated focus on the trade of the retail store network. Rui Morais (38), who is currently the Group's Chief Financial Officer ("CFO"), and in August 2021 was announced as the successor to CEO Saltzman, will assume the role of CEO effective from the 1st of July 2023.

Morais joined the Group in 2010 and has been in the role of CFO and a member of the executive leadership team since August 2012. He has been integrally involved in the development of the Group's strategy over the past 11 years.