The board of directors of Metair Investments Limited announced the appointment of Mr. Paul O'Flaherty as a member of the Company's social and ethics committee, with effect from 1 February 2024. Paul is a qualified Chartered Accountant (SA) and joins Metair from EY Parthenon (Africa), which he led from February 2021 to January 2024. He began his career at PricewaterhouseCoopers Inc. in 1986 and served as an audit partner for 6 years in the Energy and Mining sector.

Since 2001, he has served in both CFO and CEO roles in JSE listed companies (Group Five Limited and ArcelorMittal South Africa Limited), the public sector (Eskom Holdings Limited) and in large multinational private companies. Paul has a remarkable track record across multiple emerging markets coupled with in-depth experience in turnarounds, restructurings, mergers and acquisitions, and programme and project management. Prior to joining EY, he had the overall responsibility for the $1 billion separation of ABSA Bank Limited from Barclays PLC.

Paul is a commercially focused leader and has gained extensive experience across the manufacturing, mining, infrastructure, energy, trading, and financial services industries. He has also served as a non- executive director of JSE listed companies. Paul has entered into a 36-month contract with the Company.

The Board believes that this appointment will provide stability to the Company, the market and other key stakeholders and accelerate the execution of the Company's key initiatives to unlock value for shareholders.