10 Jun - 2 min read

Appointments to the board and board committees

Appointments to the board and board committees

Merafe Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
JSE share code: MRF
ISIN: ZAE000060000
(“Merafe” or the “Company”)

APPOINTMENTS TO THE BOARD AND BOARD COMMITTEES

In terms of paragraph 3.59 of the JSE Limited Listings Requirements, Merafe shareholders are advised
of the following appointments to the Merafe board of directors (“Board”) and Board committees, with
effect from 1 July 2021:

    •   Mrs Nonhlanhla Mabusela-Aikhuere has been appointed as an independent non-executive
        director of the Board as well as a member of the Audit and Risk Committee and chairperson of
        the Social, Ethics and Transformation Committee; and
    •   Mr David McGluwa has been appointed as a non-executive director of the Board and as a
        member of the Social, Ethics and Transformation Committee.

Mrs Mabusela-Aikhuere has a BCompt, CTA and CA (SA). She is an ex-investment banker with more
than ten years’ experience in project and structured finance transactions. She completed her accounting
articles at KPMG Inc, where she spent a year in the corporate finance department. She spent four years
of her career at Nedbank Capital as a senior transactor in the power, oil and gas project finance
department. She has also held various chief executive officer positions in the mining and mining
services space.

Mr McGluwa has a BCom, Diploma in Treasury Management and Trade Finace and is studying towards
a Master of Business Leadership (MBL). He has held various senior roles at the Industrial Development
Corporation (“IDC”) since 1999 where prior to that he worked at First National Bank for four years. David
was nominated to be a director of the board by the IDC, which has a 22% shareholding in Merafe.

The Board welcomes Mrs Mabusela-Aikhuere and Mr McGluwa and looks forward to their contributions
to the Company.

Sandton
10 June 2021

Sponsor
One Capital

Date: 10-06-2021 04:05:00
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