Raubex Group Limited approved Succession Policy, the Board of Directors of the Company wishes to advise shareholders of the restructuring of the following Board Committees with immediate effect - Audit Committee: Mr. Bryan Kent will step down as the Chairman of the Audit Committee but will remain a member of the Committee to achieve continuity and a smooth succession and transfer of historical knowledge to Ms Modi Hlobo, who will be taking over as Chairperson of the Committee. Ms Modi Hlobo is appointed as Chairperson of the Audit Committee. Following implementation of above, the Audit Committee members will be as follows - Modi Hlobo (Chairperson), Bryan Kent (Member), Setshego Bogatsu (Member) and Nosisa Fubu (Member).

Risk Committee: Mr. Bryan Kent will step down as the Chairman of the Risk Committee but will remain a member of the Committee to achieve continuity and a smooth succession and transfer of historical knowledge to Ms Modi Hlobo, who will be taking over as Chairperson of the Committee. Ms Modi Hlobo is appointed as Chairperson of the Risk Committee. Mr. Jaco Louw has resigned as a member of the Risk Committee.

Mr. Sam Odendaal has been appointed as a member of the Risk Committee. Following implementation of above, the Risk Committee members will be as follows - Modi Hlobo (Chairperson), Bryan Kent (Member), Felicia Msiza (Member), Nosisa Fubu (Member) and Sam Odendaal (Member). Remuneration and Nomination Committee (Remco): Ms Setshego Bogatsu will step down as Chairperson of Remco but will remain a member of the Committee to achieve continuity and a smooth succession and transfer of historical knowledge to Ms Nosisa Fubu, who will be taking over as Chairperson of the Committee.

Ms Nosisa Fubu is appointed as Chairperson of Remco. Following implementation of above, the Remco members will be as follows -Nosisa Fubu (Chairperson), Setshego Bogatsu (Member), Bryan Kent (Member) and Rudolf Fourie (Member).