RH Bophelo : Appointment Of Independent Non-Executive Director And Resignation Of Independent Non-Executive Directors

RH Bophelo Limited

Incorporated in the Republic of South Africa (Registration number: 2016/533398/06)

JSE and RSE share code: RHB, ISIN: ZAE000244737 ("RH Bophelo" or "the Company")

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTORS

Shareholders are hereby informed of the appointment of Samson Moraba as a Lead Independent Non-Executive Director and member of the Audit and Risk Committee of the Company with immediate effect.

Samson Moraba has a Bachelor of Commerce, majoring in economics and banking, from the University of South Africa (UNISA). He also holds a certificate in Program Management Development (PMD) from Harvard Business School.

He has served as the Chief Executive Officer of the National Housing Finance Corporation (NHFC), from 1999 until his retirement in 2020. In his earlier career, he was exposed to Information Technology (IT) as a Business Systems Analyst in various industries within the Banking, Mining, Retail, Engineering, and Manufacturing sectors. Between 2004 and 2007, Samson served as the Chairman of the African Union for Housing Finance (AUHF).

Since 2016, Samson has served as Non-Executive Chairman on the Board of Directors of the South Point Management Services. He has also served as a Non-Executive Chairman for Teba Bank Limited (2002- 2007), the Trust for the Urban Housing Finance (2003-2022), and the Social Housing Foundation.

The Board welcomes Samson and looks forward to his contribution.

Additionally, the Shareholders are hereby informed of the resignation of Dinao Lerutla and Dr Solomon Motuba as Independent Non-Executive Directors and members of the Audit and Risk Committee of the Company effective from the date of Annual General Meeting, 12 August 2022, as they have elected not to put themselves forward for re-election as Directors at the next Annual General Meeting (AGM), scheduled for 12 August 2022.

In accordance with paragraph 3.59(b) of the JSE Limited Listings Requirements, the Board of Directors of the Company ("the Board") wishes to advise that Dinao Lerutla has resigned as an Independent Non- Executive Director of the Company and as Chairperson of the Audit and Risk Committee, with effect from 12 August 2022. The Board has appointed Lyndsay Maseko as the Chairperson of the Audit and Risk Committee effective as at the next date of the AGM, being scheduled for 12 August 2022.

In accordance with paragraph 3.59(b) of the JSE Limited Listings Requirements, the Board also wishes to advise that Dr Solomon Motuba has resigned as a Lead Independent Non-Executive Director of the Company and as a member of the Audit and Risk Committee, with effect from 12 August 2022. Samson Moraba will serve as a Lead Independent Director.

The Board would like to extend its appreciation to Dinao Lerutla and Dr Solomon Motuba for their commitment and service to the Company over the years.

By order of the Board Johannesburg

27 June 2022

Company Secretary: Corporate Vision Consulting Proprietary Limited

JSE Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

Rwanda sponsor: Faida Securities Rwanda Limited