Changes to the board and composition of board committees

CORONATION FUND MANAGERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1973/009318/06
Share code: CML
ISIN: ZAE000047353
LEI: 3789001BC9A29E6FF77
("Coronation" or "the Company")


CHANGES TO THE BOARD, APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR, CHANGES TO COMPOSITION 
OF BOARD COMMITTEES AND APPOINTMENT OF LEAD INDEPENDENT DIRECTOR

Changes to the Board of Directors

Shareholders are referred to the SENS announcement released on Wednesday, 29 January
2025, wherein Professor Alexandra Watson announced her retirement as Chairperson and
independent non-executive director of the Board of Directors ("the Board") effective 30
September 2025 and the appointment of Mr Saks Ntombela as the Chairperson of the Board
effective Wednesday, 1 October 2025.

As a result of these changes, the Board has considered the composition of the Board and its
committees, and shareholders are advised of the following further changes.

Appointment of non-executive director

In accordance with paragraph 3.59(a) of the JSE Limited Listings Requirements ('the Listings
Requirements"), the Board is pleased to announce that Mrs Cindy Robertson has been
appointed as an independent non-executive director of the Company with effect from
Wednesday, 1 October 2025.

Mrs Robertson is a qualified Chartered Accountant with 25 years of experience in both
executive and non-executive roles. She has held several key finance roles in listed
companies, including Woolworths, Pioneer Foods, Sea Harvest, and TFG. More recently, she
has been appointed as an independent non-executive director on the boards of Equites
Property Fund Limited and Boxer Ltd, where she serves as the Chairperson of the Audit, Risk
and Compliance Committee. Mrs Robertson also serves as the Lead Independent Director
and Chairperson of the Audit and Risk Committee of Rainbow Chicken Limited. Additionally,
she serves as the Vice Chairperson of the Finance Committee and a member of the Audit
and Risk Committee on the Board of the University of Cape Town.

Mrs Robertson is well acquainted with the Company as she currently serves as a non-
executive director of our subsidiary companies, namely Coronation Life Assurance Limited
and Coronation Management Company (RF) Ltd.

The Board welcomes her and looks forward to her contributions to the Company.

Changes to the composition of Board Committees

Following Mr Ntombela's succession as Chairperson following Prof Watson's retirement, and
the appointment of Mrs Robertson to the Board, shareholders are hereby advised, in
accordance with paragraph 3.59(c) of the Listings Requirements, of the following changes to
the Board committees effective Wednesday, 1 October 2025:

 -   Mr Saks Ntombela and Mrs Madichaba Nhlumayo have resigned from the Risk
     Committee.

 -   Mr Phakamani Hadebe has been appointed as a member of the Risk Committee, and
     Dr Hugo Nelson will serve as Chairperson of the committee.

     The Risk Committee will thus comprise Dr Hugo Nelson (Chairperson), Ms Lulama
     Boyce, Mr Phakamani Hadebe, and Mr Neil Brown.

 -   Mr Saks Ntombela has been appointed as Chairperson of the Nominations Committee
     while Mr Neil Brown remains the Chairperson of the Remuneration Committee.
     The Remuneration and Nominations Committees will thus comprise Mr Neil Brown, Mr
     Saks Ntombela and Dr Hugo Nelson.

 -   Mr Saks Ntombela has resigned as a member of the Audit Committee, and Mrs Cindy
     Robertson has been appointed as a member of the Audit Committee.

      The Audit Committee will thus comprise Ms Lulama Boyce (Chairperson), Dr Hugo
      Nelson, Mrs Madichaba Nhlumayo, and Mrs Cindy Robertson.

 -   Mrs Lea Conrad has been appointed to serve as the Lead Independent Director of the
     Board.

The Board would like to thank Professor Watson for her invaluable contribution to the
Company and wishes her well in her future endeavours.


Cape Town
19 September 2025

Sponsor
Valeo Capital (Pty) Ltd

Date: 19-09-2025 10:30:00
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