Bell Equipment : Appointment of non-executive directors and member of audit committee

BELL EQUIPMENT LIMITED

(Incorporated in the Republic of South Africa) Registration number 1968/013656/06

ISIN: ZAE000028304

Share Code: BEL ("Bell Equipment")

Appointment of non-executive directors and member of audit committee

In terms of section 3.59 of the Listings Requirements of JSE Limited, the board of directors of Bell Equipment("Board") has pleasure in announcing that at its meeting held on 24 March 2022 the Board appointed two new independent non-executive directors, Ms. Usha Maharaj and Mr. Markus Geyer, effective 1 April 2022. Ms. Maharaj has also been appointed as an audit committee member with effect from 1 April 2022.

The Board welcomes them and looks forward to their contribution.

The details of the new directors are listed below, together with a brief CV of each:

• - Usha Maharaj

  BAcc(Hons)UKZN,CA(SA)

  Usha is a chartered accountant by profession and was a director at KPMG heading up the Owner Managed Business Unit before assuming the role of HR director for KZN, overseeing the finance and operations functions for the region while servicing a SME client base. She was involved in various leadership development programs for KPMG in South Africa and oversaw graduate recruitment for KZN including developing and implementing programs for coaching, mentoring, career development and corporate social responsibility.

  Since 2016 she has been an executive and non-executive director of certain unlisted companies and since 2017, a non-executive director, audit committee member and social and ethics committee member of Trade & Investment KwaZulu-Natal with a keen interest in cybersecurity and Fourth Industrial Revolution.

• - Markus Geyer

Business Administration & Economics Dipl-Kfm (Augsburg University), Business Studies (University College, Swansea), MAN Executive Management Course (Oxford University), Columbia Senior Executive Program (CSEP) (Columbia University Graduate School of Business)

After several senior executive positions held at Bosch-Siemens Hausgerate GmbH and Photon AG, he joined MAN Truck & Bus SE in 2004 holding various senior executive positions in a number of the business units both nationally and internationally, whereafter he was appointed Managing Director of MAN Automotive(South Africa)(Pty) Ltd in 2016. After leaving MAN in 2020 he accepted a position as director of finance and operations at AHI Carrier Fze in Sharjah, UAE, until the end of 2021. He has extensive experience in both finance and sales with a specific focus on the automotive manufacturing industry.

Richards Bay

25 March 2022

Sponsor

INVESTEC BANK LIMITED