Appointment to the Board

Blu Label Unlimited Group Limited
(formerly Blue Label Telecoms Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2006/022679/06)
Share code: BLU ISIN: ZAE000109088
("Blu Label" or "the Group" or "the Company")

APPOINTMENT TO THE BOARD

Shareholders are advised that Mr. Lindsay Peter Ralphs has been appointed as an independent
non-executive director and Chairman designate to the Blu Label board of directors ("the Board")
with effect from 24 February 2026. The appointment as Chairman will take effect upon the formal
retirement of Larry Nestadt, following the Company's year-end meeting towards the end of August
2026.

Mr. Ralphs is a Chartered Accountant (SA) with an extensive and successful background in listed
companies, specialising in operations, strategy, and governance. He has demonstrated expertise
in scaling businesses, driving sustainable growth, and chairing boards in diverse sectors,
including trading and distribution, services, and healthcare.

The Board confirms that in compliance with the JSE Listings Requirements a fit and proper
assessment has been conducted and that the Board is satisfied with the outcome of the
assessment. Additionally, the Group confirms that there are no positive statements to report in
respect of the integrity information contained in the director's declaration.

The Board takes great pleasure in welcoming Mr. Ralphs and wishes him a long and prosperous
career with the Group.

Sandton
24 February 2026

Sponsor:
Investec Bank Limited

Date: 24-02-2026 04:38:00
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.