The Board of Fairvest Limited announced the appointment of Ms Fikile Futwa and Mr. Mtheza Buya as independent non-executive directors of the Company with effect from 1 October 2023. Fikile is a CA(SA) having had senior financial positions at Eskom and Discovery Limited. She is the founder and CEO of Your Financial Partner and serves as a non-executive director for MiX Telematics Limited.

Mtheza holds an LLB and was admitted as an Advocate of the High Court. After various corporate roles at KPMG and EOH Holdings Limited, he founded Sthathu Group Holdings Proprietary Limited, which invests in commercial and residential real estate. The Board welcomes Fikile and Mtheza and looks forward to their contribution to the Company.

RESIGNATION OF DIRECTOR: Mr. Arnold Basserabie has resigned as an independent non-executive director of the Company and as a member of the Investment Committee with effect from 30 September 2023. The Board would like to thank Arnold for his valuable contribution to the Company and wishes him well in his future endeavours. CHANGES TO THE COMPOSITION OF BOARD COMMITTEES: Shareholders are advised that following their appointments to the Board, Ms Fikile Futwa will be appointed as a member of both the Audit and Risk Committee and the Social and Ethics Committee of the Company and Mr. Mtheza Buya will be appointed as a member of the Investment Committee of the Company.

Shareholders are further advised that Mr. Arnold Basserabie, Ms Khegu Nkuna, Ms Nozipho Shange, Mr. Louis Andrag and Adv Jacob Wiese have resigned as members of the Investment Committee. Subsequent to the above changes, the committees will now comprise the following members: Audit and Risk Committee: Ms Nozipho Shange (Chairperson), Ms Khegu Nkuna, Adv Jacob Wiese, Ms Fikile Futwa; Social and Ethics Committee: Mr. Louis Andrag (Chairperson), Ms Fikile Futwa, Mr. Riaz Kader, Ms Nadene Smith; Investment Committee: Mr. Ndabezinhle Mkhize (Chairperson), Mr. Jacques du Toit, Mr. Mtheza Buya, Mr. Darren Wilder, Mr. Jacques Kriel.