DRA Global : Senior Leadership Update

/ JSE ANNOUNCEMENT

11 March 2022

SENIOR LEADERSHIP UPDATE

The Board of DRA Global Limited (ASX / JSE: DRA) ('DRA' or 'the Company') provides the following update in relation to the senior leadership of the Company.

After nine years with the Company, Andrew Naude has informed the Board that he will step down as Managing Director and CEO of DRA following an appropriate hand-over period.

Mr Naude joined DRA as a senior executive in 2013 and is DRA's longest-serving director. He served as Interim CEO in 2016 and has been Managing Director and Chief Executive Officer since 2019. He led DRA's international expansion from South Africa and oversaw its transformation into a global mining services business operating on five continents with annual revenue exceeding $1 billion. Last year, DRA listed on the Australian and Johannesburg securities exchanges creating a platform for further growth and long-term value realisation, bringing to fruition the final milestone in DRA's growth strategy set in 2016, which Mr Naude was instrumental in developing and executing.

DRA Chairman Peter Mansell thanked Mr Naude for his service and contribution to DRA.

"On behalf of the Board, staff and shareholders we thank Andrew for his service to the Company, in particular his belief in DRA's potential and his willingness to be ambitious and champion change" Mr Mansell said.

Mr Naude commented: "I am proud to say that everything we set out to achieve in 2016 has been achieved. I joined DRA to deliver a specific growth and internationalisation objective. Since then, DRA has doubled in size through a successful international expansion to 4,700 employees and 19 offices worldwide and has become a truly global service provider to the mining, minerals and metals sector. As a long-term shareholder and a strong believer in DRA's future and the quality of its people, I believe that DRA is ready for a new CEO to take us through the next phase of operations as an established, global multi-disciplinary engineering, project delivery and operations management group".

The Company has commenced its search for a successor and will identify both internal and external candidates for the permanent CEO position. The Board has identified James Smith, a senior executive who has been with DRA since 2017 and is a current member of the global leadership team, to take over from Mr Naude as Interim CEO effective from the annual general meeting to be held on 17 May 2022. Mr Smith has over 20 years' experience with an extensive background in consulting advisory and strategy, and is currently responsible for DRA's Operations, Maintenance and Advisory business. The handover to Mr Smith will begin immediately, and the terms of his interim appointment will be disclosed before it takes effect.

The Board has also undertaken an assessment of the most appropriate operating model to underpin delivery of DRA's next phase of strategic objectives. DRA's Chairman Peter Mansell commented: "DRA has had a successful journey to date, and we are establishing the Company's strategic objectives and operating model for the next phase of growth. For DRA's people, clients and stakeholders this Interim CEO period will be very much business as usual."

Physical Level 8, 256 Adelaide Terrace / Perth WA 6000 / Australia // Postal	PO Box 3130 / East Perth WA 6892 / Australia
Telephone [phone] // [e-mail] // ACN 622 581 935 //	ASX: DRA / JSE:DRA
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/ JSE ANNOUNCEMENT

Shareholders are advised that the suspension of the trading in DRA's securities on the JSE will be lifted following the release of this announcement regarding the leadership changes.

- ENDS -

This announcement was approved for release by the Board of Directors of DRA Global Limited.

For further information, please contact:

Investor queries:	Media enquiries:
Haydn von Maltitz	Paul Ryan
Head of Corporate Affairs - DRA Global	Citadel-MAGNUS
Ph: [phone]	M: [phone]
[e-mail]	[e-mail]

About DRA Global Limited

DRA Global Limited (ASX: DRA | JSE: DRA) (DRA or the Company) is a multi-disciplinary consulting, engineering, project delivery and operations management group predominantly focused on the mining and minerals resources sector. DRA has an extensive global track record, spanning more than three decades and more than 7,500 studies and projects as well as operations, maintenance, and optimisation solutions across a wide range of commodities.

Physical Level 8, 256 Adelaide Terrace / Perth WA 6000 / Australia // Postal	PO Box 3130 / East Perth WA 6892 / Australia
Telephone [phone] // [e-mail] // ACN 622 581 935 //	ASX: DRA / JSE:DRA
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/ JSE ANNOUNCEMENT

DRA has expertise in mining, minerals and metals processing and related non-process infrastructure including sustainability, water, and energy solutions for the mining industry. DRA delivers advisory, engineering and project delivery services throughout the capital project lifecycle from concept through to operational readiness and commissioning as well as ongoing operations, maintenance, and shutdown services.

DRA, headquartered in Perth, Australia, services its global customer base through 19 offices across Asia-Pacific, North and South America, Europe, Middle East, and Africa.

JSE Announcement Disclosures

DRA Global Limited

(Incorporated in Australia under the Corporations Act 2001 (Cth)) ACN 622 581 935

ASX / JSE Share Code: DRA

ISIN: AU0000155814 ("DRA" or "the Company")

JSE Sponsor: Pallidus Capital Proprietary Limited

Physical Level 8, 256 Adelaide Terrace / Perth WA 6000 / Australia // Postal	PO Box 3130 / East Perth WA 6892 / Australia
Telephone [phone] // [e-mail] // ACN 622 581 935 //	ASX: DRA / JSE:DRA
draglobal.com	Page / 3