Luxe : Changes to the Board – Appointment of Directors

LUXE HOLDINGS LIMITED

Incorporated in the Republic of South Africa (Registration number: 2000/002239/06)

Share code: LUX ISIN Code: ZAE000286035

("Luxe" or "the Company" or "the Group")

CHANGES TO THE BOARD - APPOINTMENT OF DIRECTORS

In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of Luxe ("Board") hereby notifies its shareholders that Luxe has appointed Ms Angella Makowe ("Angella") and Ms Mariska Mckenzie ("Mariska") as independent non-executive directors with effect from 24 February 2022.

Angella, who is a CA(SA), is an Audit and Risk technical expert and consultant specialising in External, Internal and IT Audit standards and Risk advisory-related assignments. She is a former Associate Director at PKF where she was in charge of IT Audit and Risk Management. She has previously held a technical director role at Crowe SA and was a senior manager at Wconsulting. In 2013, Angella completed her articles with BDO South Africa. She has worked with organisations including the South African Institute of Chartered Accountants, the Information Systems Audit and Control Association and the Independent Regulatory Board for Auditors.

Mariska, who is a CA(SA)RA, is currently completing her PhD (Auditing) through the University of Johannesburg. Mariska is a senior lecturer at the University of Johannesburg as well as a pre-issuance reviewer for the Auditor-General of South Africa. She was previously a Professional Development Consultant at the South African Institute of Chartered Accountants. Mariska is a member of the South African Institute of Chartered Accountants, the Independent Regulatory Board for Auditors, the Institute of Directors South Africa (IoDSA) and the South African Association of Accounting Academics. Mariska currently serves on the audit committee of the South African Institute of Drug-free Sport.

The Board welcomes Angella and Mariska and looks forward to their contribution to the Company.

Further to the aforementioned changes to the Board, the Audit and Risk Committee will comprise the following members: Suzanne Meyer (Chairperson), Angella Makowe, Mariska Mckenzie, and Ahmed Amod.

Johannesburg

28 February 2022

Sponsor

Merchantec Capital