The EOH Holdings Limited board of directors in consultation with the Remuneration and Nomination Committee, has resolved to appoint Andrew Mthembu (currently the independent non-executive chairman of the Board) as executive chairman with effect from 1 April 2024. Andrew Mthembu's Qualifications: Andrew Mthembu possesses the necessary skills and experience to assume the role of executive chairman, ensuring continuity and stability during this interim period. His familiarity with EOH's operations and stakeholders will be complemented by support from the chief executive officers of the Company's operational business units, namely Marius de la Rey (iOCO South Africa), Brian Harding (International) and Fatima Newman (EasyHQ).

Governance Safeguards: To support Andrew Mthembu in his role as executive chairman, Andrew Marshall (currently an independent non-executive director of the Board) has been appointed as lead independent non-executive director with effect from 1 April 2024. The position of lead independent non-executive director will endure following the appointment of a new CEO and Andrew Mthembu's return to his role as independent non-executive chairman of EOH. The lead independent non-executive director will provide essential checks and balances, safeguarding effective governance at the board level, thereby ensuring that the Board continues to operate effectively, discharges its responsibilities objectively and remains a custodian of good corporate governance.