SECHABA BREWERY HOLDINGS

LIMITED

Company Registration No BW00000952293

BSE Share Code: SECHABA

Acumen Park, Plot 50370, Fairgrounds ,P O Box 1157, Gaborone, Botswana

Tel: +267 71836098 Email: enquiries@sbhl.co.bw

APPOINTMENT OF INTERIM AUDITORS

Sechaba Brewery Holdings Limited (SBHL) shareholders are advised that following the approval of the appointment of KPMG at the AGM held in June 2021, the audit firm has since informed SBHL that they have been unable to obtain the necessary independence clearance, rendering them unable to undertake the audit.

At the meeting of the Board of Directors of 10 December 2021, it was resolved to terminate the audit services of KPMG. In order to ensure a smooth and uninterrupted financial year end reporting process, the Board of Directors, after consultation with the Botswana Accounting Oversight Authority (BAOA), has re-appointed PricewaterhouseCoopers (PwC) for one more year as auditors on an interim basis.

PwC had retired at the end of their five-year term in line with auditor rotation requirements. This appointment approved by the Board of Directors and BAOA is expected to provide a smooth transition process until a substantive auditor is appointed. It is anticipated that the process to appoint substantive auditors will be concluded ahead of the next AGM meeting and presented at the AGM for ratification.

BY ORDER OF THE BOARD

19 January 2022

Sponsoring Broker

Imara Capital Securities (Pty) Ltd

Board of Directors:

T. Tau (Chairman), M. Nteta (Managing Director), M Mokone, J. Ramesh, B. Paya, M. Tshekedi

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Sechaba Brewery Holdings Limited published this content on 19 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 January 2022 13:31:09 UTC.