Mwana Africa : Director Details

Further to the announcement made by the Company on 9 June 2015, the Company is notifying the below information on Messrs Morrison and Barbeau, and Ms Chidzero all of whom are Non-Executive Directors of the Company.

Scott Douglas Morrison (aged 58)

Scott has been educated in Geology (BSc) and Metallurgical Engineering (PhD) with over 35 years' experience in the mining, extractive metallurgy, and manufacturing sectors. He had held leadership positions for the bulk of his career with staffs ranging from 50 to 5,000.

His current assignment is a board member and retained advisor to the management of Metalor Technologies International SA. A world leader in the refining of precious metals and manufacturing of a variety of value added products. From 2013-2015 he served as the Chairman of the board and from 2004-2013 was the CEO. He had a 20 year career with SGS SA, the world's leading inspection, verification, testing and certification company. He had country and Mineral and Metals sectoral leadership assignments in Canada, USA, Peru, Bolivia, and Ghana. He has had in-depth experience in leading multi-cultural international organizations.

Current Directorships:

• Metalor Technologies International SA

• Tuna Holding AG

• Basic Industries Global LLC

• Zinc Oxide LLC

  Past Directorships (within 5 years):

• Metalor Technologies (UK) Ltd

• Metalor Technologies SA

• Orchidae Holding AG

• Orchidae Holding 2 AG

  Olivier Alain Barbeau (aged 41)

  Olivier is a registered Chartered Accountant in South Africa and Mauritius, with extensive advisory and corporate finance experience. He is the Managing Director of Moore Stephens in Johannesburg, and a member of the National Executive Committee. His experience in the mining sector has seen him initiate, develop and implement merger and acquisition transactions for both listed and unlisted companies.

Due to his Mauritian interests, he has been well-equipped to advise several multinational businesses on their offshore structures and strategies. Previous executive positions include the Chief Operating Officer of BDO South Africa, as well as the Office Managing Partner of Moore Stephens South Africa.

Olivier is a member of the Institute of Directors, as well as a fellow of the Mauritius Institute of Directors.

Current Directorships:

• Johannesburg Children's Home (Undenominational)

• Capital Ascent (JHB) Financial Services Pty Ltd

• Decprop Pty Ltd, Director

• Eloff Street Nominees Pty Ltd

• Hlanganani Capital Pty Ltd

• Home Loan Guarantee Company (Article 21)

• Housing for HIV (Article 21)

• Madura Investments Pty Ltd

• Meyer Wilson and Marsh Inc

• Moore Stephens MWM Inc

• MSMWM Properties Pty Ltd

• Zoomlion South Africa Pty Ltd

• Moore Stephens Human Capital Pty

• MWM Payroll Services Pty Ltd

• Oxford Capital Pty Ltd

• Oxford Nominees Pty Ltd

• Resolve Corporate Services Pty Ltd

• Safrika Enterprise Development Pty Ltd

• Tanabiz Pty Ltd, Director

  Past Directorships (within 5 years):

• BDO South Africa Inc

• BDO South Africa Services Pty Ltd

• Statucor Pty Ltd

• Ndawonye investments Pty Ltd

  Anne-Marie Nyemwerai Chidzero (aged 54)

  Anne-Marie has over twenty years' experience in finance and private sector development throughout Africa, including with the World Bank as part of the team in 1995 that launched the Consultative Group to Assist the Poorest - advancing financial access for the world's poor and as leader on numerous financial sector and SME strategy assignments to a range of donor, private, and government clients.

  She moved to Zimbabwe in 1997 and joined ICC, a southern African management consulting firm where she developed and ran the company's consulting and advisory services in enterprise and financial sector development for clients including the World Bank, DFID, UNDP, USAID, EU, and GTZ in southern and eastern Africa. She was also appointed Africa Regional Advisor for the Special Unit on Microfinance, SUM, of the United Nations Capital Development Fund (UNCDF), in 1998, a position she held for five years.

Having moved from Zimbabwe to South Africa in 2001, Anne-Marie worked for FinMark Trust, whose mandate is making financial markets work for the poor, and the UK Department for International Development DFID on pro-poor financial sector development in Africa. In 2004 she joined the Board of AfriCap Microfinance Investment Company, a Pan African equity fund for microfinance. She took over as Chair in 2006, and oversaw its recapitalisation from a US$13 million dollar fund to a US$42 million investment company in 2007. She became the CEO of AfriCap in 2011 with a mandate to create value in the portfolio and conclude exits of the investments by the end of 2013.

Since 2010, Anne-Marie has been a member of the Investment Committee and the Advisory Committee of the US$257 million Africa Enterprise Challenge fund, a grant facility that finances private businesses innovating in agribusiness, rural finance and renewable energy across the African continent. She is also the Chair of New Faces New Voices, a pan-African network of Women in Finance. Currently she is the managing a US$20million financial access project in Mozambique, and has recently been appointed on: the technical assistance committee of the Fund For Agricultural Finance In Nigeria; the Advisory Council Making Finance Work for Africa; and Africa Advisory Council of Women's World Banking.

Current Directorships:

• Untu Microfinance Bank

• NFNV Trust

• Socremo Microfinance Bank Mozambique

• MicroBuild 1 LLC

  Past Directorships (within 5 years):

• AfriCap Microfinance Investment Company

• Wizzit Payments (Pty) Ltd

• Wizzit Group (Pty) Ltd

• The Centre for Financial Regulation and Inclusion

• Union Trust Bank Ltd

• Sofipe Bank

• Susu Microfinance Bank

• Opportunity International Bank Malawi

• AEI

• Riozim Foundation

• Fintech Africa Innovative Solutions for Finance

• La Regionale Bank

  There is no further information to be disclosed pursuant to paragraph 2 (g) of Schedule 2 of the AIM Rules