AVIOR CAPITAL MARKETS HOLDINGS LIMITED - Appointme11 Jun 2018
AVR 201806110045A
Appointments to the board of directors and changes to the board committees of Avior Holdings

AVIOR CAPITAL MARKETS HOLDINGS LIMITED
(previously Jamispan Proprietary Limited)
Incorporated in the Republic of South Africa
Registration number: 2015/086358/06
JSE Share Code: AVR
ISIN: ZAE000211637
(“Avior Holdings” or “the Company”)


APPOINTMENTS TO THE BOARD OF DIRECTORS AND CHANGES TO THE BOARD
COMMITTEES OF AVIOR HOLDINGS

Shareholders of Avior Holdings (“Shareholders”) are referred to the announcement published by the
Company on the JSE Limited’s (“JSE”) Stock Exchange News Service (“SENS”) dated:

    -    15 December 2017, in terms of which the Company advised of the appointment of Mr. Justin
         Charles Larsen (“Mr. Larsen”) as the Company’s interim financial director; and

    -    18 May 2018, in terms of which the Company advised of it being engaged in the process of
         identifying a suitable candidate to appoint as an additional independent, non-executive
         director to the Avior Holdings board of directors (“the Board”).

APPOINTMENTS TO THE BOARD OF DIRECTORS

Further to the publication of the aforementioned SENS announcements and in accordance with
section 3.59 of the JSE Listings Requirements, Shareholders are hereby advised of the following
changes to the Board with immediate effect:

Confirmation of appointment of Financial Director
Shareholders are hereby advised that Mr. Larsen who has been acting as the interim financial director
of the Company since 29 December 2017, has been appointed as the full-time financial director of
Avior Holdings.

Summarised curriculum vitae of Mr. Larsen:

Mr. Larsen is a chartered accountant and has a background in global markets, investment banking,
and private equity. His experience was gained both in the UK and South Africa in finance
transformation roles at several large global banks, which include UBS, Renaissance Capital, Standard
Bank and RMB. Prior to joining Avior Holdings, Mr. Larsen was the Head of Strategy at a big 4 auditing
firm, where he worked with several clients in the private equity industry and on several major blue-
chip finance transformation programmes. He completed his articles in 2008.

Appointment of Independent Non-Executive Director

Shareholders are further advised that Mr. Thabo Vincent Mokgatlha (“Mr. Mokgatlha”) has been
appointed as an independent, non-executive director of Avior Holdings. Furthermore, Mr. Mokgatlha
has also been appointed as the chairperson of the Company’s Audit and Risk Committee (“AR
Committee”) and as member of the combined Social, Ethics and Remuneration Committee (as
detailed below).

Summarised curriculum vitae of Mr. Mokgatlha:

Mr. Mokgatlha is a chartered accountant and holds an Honours BCompt/Certificate in the Theory of
Accounting (CTA) postgraduate qualification from the University of South Africa and a BCom
(Accounting) degree from UNW. Mr. Mokgatlha served his articles at Coopers and Lybrand (now PWC)
and spent the last 6 months of his articles as a senior lecturer at UNW following which he was
appointed as a senior lecturer on a full-time basis while simultaneously working as a consultant. Mr.
Mokgatlha worked for the Royal Bafokeng Administration between 2002 and 2011 where he held
several management positions.

The Board welcomes both Mr. Larsen and Mr. Mokgatlha as directors of Avior Holdings and looks
forward to their invaluable contributions to the Company.

CHANGES TO BOARD COMMITTEES

Shareholders are further advised that the Board resolved to restructure the Social and Ethics and
Remuneration Committees of the Company, in terms of which these two committees will be combined
into a single committee, namely the Social, Ethics and Remuneration Committee (“SER Committee”).

The decision by the Board to combine the aforementioned committees, is due to the nature and size
of the Company’s operations. The Board is comfortable that such a new combined committee would
not negatively affect the Company’s internal corporate governance structures and/or procedures.

It is envisaged that pursuant to the restructuring of the Social and Ethics and Remuneration
Committees, the SER Committee’s members shall be as follows:

    -   Mr. Stephan Price (chairperson);
    -   Mrs. Marilyn Ramplin;
    -   Mr. Mokgathla;
    -   Mr. Peter Koutromanos; and
    -   Mr. Kevin Mattison.

Pursuant to Mr. Mokgathla’s appointment to the Board, the AR Committee’s members shall be as
follows:

    -   Mr. Mokgathla (chairperson);
    -   Mrs. Marilyn Ramplin; and
    -   Mr. Stephan Price.

Sandton
11 June 2018

Designated Advisor:
Pallidus Capital Proprietary Limited

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