African and Overseas Enterprises Limited shareholders are advised that Ms. Luntu Sebatane has resigned from the board of directors of company with effect from 28 March 2024. The board welcomes Ms. Bulelwa Ntshingwa as an independent non-executive director of company with effect from 1 April 2024. Bulelwa holds a Bachelor of Commerce (Accounting) degree from the University of Cape Town, as well a postgraduate diploma in Development Finance from Stellenbosch University. She is an investment professional who has held various positions over time with RMB Asset Management, the Eskom Pension Fund, Old Mutual Investment Group, Inspired Evolution Investment Management, Stem Power International, PAPE Fund Managers and Mergence Investment Managers. Bulelwa is currently the founder and managing director of Stem WP with a focus on renewable energy and battery storage. Bulelwa will, in addition, serve on the audit committee, the nomination committee, the remuneration committee and the
risk committee of the company.