Appointment of an Independent Non-executive director and composition changes to Altron’s Audit and Risk Committee

Appointment of an Independent Non-executive director and composition changes to Altron’s Audit and Risk Committee

ALTRON LIMITED
Registration number 1947/024583/06
Incorporated in the Republic of South Africa
Share code: AEL ISIN: ZAE000191342
(“Altron” or “Group” or “the Company”)

APPOINTMENT OF AN INDEPENDENT NON-EXECUTIVE DIRECTOR AND COMPOSITION CHANGES TO
ALTRON’S AUDIT AND RISK COMMITTEE

In terms of the JSE Listings Requirements and following the announcement of Board and Committee
changes published on 14 September 2021, shareholders are advised that following a comprehensive
search for a suitably skilled and diverse independent
non-executive director, the Board is pleased to announce the appointment of Ms Sharoda Rapeti (57)
as an independent non-executive director of the Altron Board with effect from 19 November 2021.
Additionally, Ms Rapeti has been appointed as a member of the recently restructured Altron
Remuneration, Social, Ethics and Sustainability Committee (“REMSEC”) and Altron’s Audit and Risk
Committee (“AARC”) also with effect from 19 November 2021. The latter appointment is subject to
shareholder approval at the Company’s Annual General Meeting to be held around July 2022.

As noted in the announcement published on 14 September 2021, Mr Robert (Robbie) Venter resigns
as a member of Altron’s AARC with effect from 19 November 2021.

Brief Resume of Ms Sharoda Rapeti

Ms Rapeti has more than thirty years of operational, Board and C-suite level experience across the
Technology, Media and Telecommunications (“TMT”), the Built Environment and Financial Services
industries. She has a strong blend of industry and management consulting experience having held
leadership level positions in broadcasting, telecommunications and at management consultancy
companies with extensive experience in South Africa, Sub-Sahara Africa and the South-East Asia
territories. Ms Rapeti is currently a non-executive director at Delta Partners and prior to joining Delta
Partners, she was a Director at Deloitte Africa for seven years where she joined Deloitte to establish
the TMT advisory services business. She was formerly the Vice President of the Engineering Council of
South Africa and served as a Non-Executive Director on the boards of Mercantile Bank and Cartrack
Holdings Limited.

Ms Rapeti holds a Higher National Diploma in Electrical Engineering (Durban University of Technology)
and MBA (cum laude) from the University of Wales.

The Board is pleased to welcome Ms Rapeti to the Altron Board and its Committees as indicated above
and anticipates her leadership and sound industry expertise that she brings to the Board and it’s
Committees.

King IV Assertion

The Board has satisfied itself that the above appointments are reflective of the Board’s diversity
policies and in line with succession planning at a Board and Committee level. The above Board and
Committee changes reflect the spirit and nature of King IV and good corporate governance.

Johannesburg
19 November 2021
Sponsor: Investec Bank Limited

Date: 19-11-2021 05:50:00
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