Appointment of Group Chief Executive

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


Shareholders are referred to the announcement released on SENS on 19 April 2022 announcing the
appointment of the Company’s Chairman, Mr. Stewart van Graan, as Interim Group Chief Executive
with effect from 1 July 2022, while the Board embarked on a search for a permanent Group Chief
Executive (CE). This followed the resignation of Mr. Mteto Nyati as CE, effective 30 June 2022.

After an extensive search and recruitment process conducted by the Company’s Nomination
Committee, and in accordance with paragraph 3.59 of the Listings Requirements of the JSE Limited,
the Board is pleased to announce the appointment of Mr. Werner Kapp as CE and an Executive Director
of the Company with effect from 1 October 2022.

Mr. Kapp is a recognised industry leader with extensive experience in the information and
communication technology sector, twenty-two years of which were spent at Dimension Data where he
held various roles as Chief Executive Officer (Middle East and Africa), Chief Operating Officer (Middle
East and Africa) and Programme Manager. Mr. Kapp’s track record of leading the best performing
region six-times over as Dimension Data’s Regional Executive for the Western Cape and Gauteng
regions will set him in good stead to lead the Altron Group in unlocking value; optimising the existing
portfolio and delivering on Altron’s strategy.

Mr. Kapp holds a B Juris degree from the Nelson Mandela Metropolitan University and a Master’s
degree in Business Leadership from the UNISA School of Business. He has a global leadership
development certification from IMD Business School in Lausanne, Switzerland.

The Board extends a warm welcome to Mr. Kapp and wishes him well in his new role as the incoming
CE of Altron. In addition, the Board extends its sincere appreciation to Mr. van Graan for his contribution
as Interim Group Chief Executive. Mr. van Graan will step down from this role with effect from
30 September 2022 and resume his role as the Independent Non-Executive Chairman of the Board of
the Altron.

1 September 2022

Investec Bank Limited

Date: 01-09-2022 10:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.