The board of directors of RFG Holdings Limited announced that, after having served 9 years on the Board, Mr. Mark Bower has decided to retire as a non-executive director of the Company, with effect from 30 June 2023. The following changes will come into effect from 1 July 2023 as a result of Mr. Bower's retirement: Mr. Thabo Leeuw is appointed as Lead Independent Director. Ms. Sharron Naidoo is appointed as Chairperson of the Audit, Risk and
Information Technology committee and as such, will also join the Nominations committee. Ms. Bongiwe Njobe is appointed as a member of the Remuneration committee. Following the resignation of Mr. Bruce Henderson on 30 April 2023, Mr. Garth Willis was appointed as a member of the Social and Ethics committee with effect from 1 July 2023.