DIRECTORATE AND MEMBERS OF COMMITTEES J P Rupert J Malherbe P J Neethling A E Rupert J J Durand M Lubbe N J Williams NON-EXECUTIVE DIRECTORS EXECUTIVE DIRECTORS J P Rupert (70) J J Durand (53) Appointed: 18 August 2000 CHIEF EXECUTIVE OFFICER CHAIRMAN BAcc (Hons), MPhil (Oxon), CA(SA) Directorships: Mr Rupert is the Chairman of Compagnie Financière Richemont Years of service with the Group: 24 SA and the Chairman of Reinet Investments Manager SA, the management Directorships: Mr Durand was appointed as Chief Executive company of Reinet Investments S.C.A. He studied economics and company Officer of Remgro in May 2012 and has served on the board law at Stellenbosch University and has had an extensive career in international of various Remgro investee companies. He is currently business, banking and finance. After working for Chase Manhattan Bank and Chairman of Distell Group Holdings Limited, RCL Foods Lazard Frères in New York he founded Rand Merchant Bank Limited in 1979. Limited and Rand Merchant Investment Holdings Limited In 1985 he joined the Rembrandt Group. He holds honorary doctorates in Law, and also serves on the board of Mediclinic International Economics and Commerce. He served as Chancellor of Stellenbosch University plc. He previously served in the Group as Remgro’s Chief from 2009 to 2019 and is Chairman of the Peace Parks Foundation. Investment Officer and also as the Financial Director and J Malherbe (64) Chief Executive Officer of VenFin Limited. Appointed: 11 October 2006 M Lubbe (50) DEPUTY CHAIRMAN COMPLIANCE AND CORPORATE SOCIAL Directorships: Mr Malherbe is a director of Compagnie Financière Richemont SA, INVESTMENTS Pension Insurance Corporation Group Limited and Reinet Investments Manager SA. He qualified as a Chartered Accountant and worked with a predecessor firm BA of PricewaterhouseCoopers before joining Rand Merchant Bank Limited in 1985. Years of service with the Group: 26 He joined the Rembrandt Group in 1990 and was appointed as non-executive Directorships: Ms Lubbe was appointed as executive Co-Deputy Chairman of Remgro in November 2014 and is a member of the Director of Remgro in September 2016 and is responsible Investment Committee. for Compliance and Corporate Social Investments of the P J Neethling (35) Company. She acts as Board member of Remgro Limited’s Appointed: 28 November 2019 wholly owned subsidiaries as well as the board of Historical Homes of SA Limited. She serves as a non-executive Directorships: Mr Neethling serves as an alternate director to Mr J J Durand Director on the board of Business Partners Limited. on the Board of RCL Foods Limited. He was an Investment Executive in the corporate finance division of Remgro Management Services Limited, a wholly N J Williams (55) owned subsidiary of Remgro and has acquired extensive business experience CHIEF FINANCIAL OFFICER through a number of other directorships. He holds a BComm (Hons) degree in Financial and Investment Management from Stellenbosch University. BComm (Hons), CA(SA) Years of service with the Group: 26 A E Rupert (32) Appointed: 29 November 2018 Directorships: Mr Williams was appointed as Chief Financial Officer of Remgro in April 2016 and has served Directorships: Mr Anton Rupert has served as non-executive Director on the on the board of various Remgro investee companies. He Board of Compagnie Financière Richemont SA since 2017 and is a member currently serves as a director of Air Products South Africa of their Strategic Security and Nominations Committee. He brings valuable Proprietary Limited, Business Partners Limited, eMedia insight into changing consumer behaviour in digital marketing and web-based Investments Proprietary Limited and Total South Africa commerce and has had extensive exposure to all of the Group’s businesses Proprietary Limited. He previously served in the Group since 2009. as Remgro’s Head of Corporate Finance and also as the Chief Financial Officer of VenFin Limited. Members of committees AUDIT AND RISK COMMITTEE INVESTMENT COMMITTEE S E N De Bruyn (Chairman), N P Mageza, J P Rupert (Chairman), J J Durand, P J Moleketi, F Robertson P K Harris, J Malherbe, G G Nieuwoudt, N J Williams 18 Remgro Limited OVERVIEW OF BUSINESS | DIRECTORATE AND MEMBERS OF COMMITTEES S E N De Bruyn P K Harris N P Mageza P J Moleketi M Morobe G G Nieuwoudt K M S Rantloane F Robertson INDEPENDENT NON-EXECUTIVE DIRECTORS S E N De Bruyn (48) unionism, work in the non-governmental sector, politics, the public sector, Appointed: 16 March 2015 conservation and the corporate sector. Always seeking fresh challenges, Mr Morobe was in 1994 appointed as the first CEO and Chairman of the LEAD INDEPENDENT DIRECTOR Financial and Fiscal Commission established in terms of the Constitution Directorships: Ms De Bruyn was co-founder of Identity Capital Partners of South Africa to make recommendations to Parliament regarding the Proprietary Limited in 2008. She has 18 years’ experience as a director equitable sharing of nationally collected revenue between national, of companies having served on the boards of FirstRand Limited, Anglo provincial and local government. He remained in the post until 2004 when American Platinum Limited, Mr Price Group Limited and Dimension Data he joined the Presidency as Head of Communications, a role he played (South Africa) Proprietary Limited. She is currently a non-executive Director until 2006 when he took up an opportunity to join Kagiso Media Limited of RMB Holdings Limited, Rand Merchant Investment Holdings Limited as CEO. In-between his formal employment roles, he also served in various and Discovery Limited. Ms De Bruyn is also Chairman of the Ethos Mid board capacities, both in the non-governmental and private sectors, inter Market Fund and a Member of the JP Morgan EMEA Advisory Council. alia, the Council on Higher Education (1999–2000); Chairman South African She was previously a Trustee of the National Empowerment Fund and a National Parks Board (1999–2005); Chairman Ernst & Young (SA) (2001– member of the Presidential Working Group on BEE. She has contributed to 2005); Chairman Johannesburg Housing Company (2003–2006). Currently, the debate on women’s empowerment, BEE, transformation, privatisations Mr Morobe serves as a non-executive Director of RMB Holdings Limited and and the economy through publications, articles and interviews. She is the Rand Merchant Investment Holdings Limited, and serves on the board of Chairman of the Audit and Risk Committee and a member of the Social the DG Murray Trust. He is Chairman of the Social and Ethics Committee. and Ethics Committee. G G Nieuwoudt (44) P K Harris (70) Appointed: 28 November 2019 Appointed: 28 November 2001 Directorships: Mr Nieuwoudt is the founder and managing partner of Directorships: Mr Harris serves as non-executive Director of Rand Merchant Southern Right Capital. He serves as an independent advisor on Stanlib Investment Holdings Limited. He graduated from Stellenbosch University with Multi-Manager’s Alternative Assets Investment Committee and is a non- an MComm in Economics and Finance. He co-founded Rand Consolidated executive Director of Empiric Managed Capital Advisors and Accumulus Investments, which merged with Rand Merchant Bank Limited in 1985. He Funds. Previously, he served as the Director of Alternative Investment was a founding board member of FirstRand Limited after the merger of the Solutions at Edmond de Rothschild Capital Holdings, London and financial services interests of Anglo American Corporation of South Africa and managing partner and portfolio manager at Silver Creek Capital UK LLP. RMB Holdings Limited and CEO until his retirement in 2009. Mr Harris is a He is a CFA Charterholder and holds a BComm degree in Mathematics member of the Investment Committee and the Remuneration and Nomination from Stellenbosch University. He serves as a member of the Investment Committee. Committee. N P Mageza (65) K M S Rantloane (39) Appointed: 4 November 2009 Alternate independent non-executive Director to P K Harris Appointed: 28 November 2019 Directorships: Mr Mageza was previously the Chief Operations Officer of the Absa Group. He is a Chartered Certified Accountant and a Fellow of Directorships: Mr Rantloane is the founding CEO of Ata Capital and is The Association of Chartered Certified Accountants (ACCA) UK, as well as currently a Director of Rain Group Holdings Proprietary Limited, Southern a director of a number of companies including Anglo American Platinum African Venture Capital and Private Equity Association, SLG Proprietary Limited, RCL Foods Limited and Sappi Limited. He has gained extensive Limited, Masana Petroleum Solutions Proprietary Limited, Imbewu Capital experience through holding various executive positions in the audit, financial Partners Proprietary Limited and a trustee of the Click Foundation. services and the transport and logistics sectors. He is a member of the Audit Prior to this he was Head of Debt Capital Markets at Deutsche Bank AG, and Risk Committee and the Social and Ethics Committee. Johannesburg. He began his career with Rand Merchant Bank Limited and served as Executive Assistant to the CEOs of FirstRand Limited and FirstRand P J Moleketi (63) Bank Limited. He holds a BSc (Hons) degree from the University of Cape Town Appointed: 4 November 2009 and a FRM designation from the Global Association of Risk Professionals. Directorships: Mr Moleketi is a former Deputy Minister of Finance of the F Robertson (65) Republic of South Africa and Gauteng Province MEC of Finance and Appointed: 28 March 2001 Economic Affairs as well as a director of several companies listed on the JSE Limited. He is non-executive Chairman of Harith Fund Managers DEPUTY CHAIRMAN and PPC Limited. He holds postgraduate economics and management Directorships: Mr Robertson is Executive Chairman of Brimstone qualifications from the University of London and Harvard Business School Investment Corporation Limited. He and his business partner formed and has extensive international exposure, extensive strategic leadership Brimstone Investment Corporation Limited, which is listed on the skills and in-depth corporate governance experience in both the public and JSE Limited.