Sefalana : NOTICE OF APPOINTMENT TO THE BOARD OF DIRECTORS

SEFALANA HOLDING COMPANY LIMITED

(UIN BW00001731678)

NOTICE OF APPOINTMENT TO THE BOARD OF DIRECTORS

In terms of the Botswana Stock Exchange Equity Listing Requirements, Sefalana Holding Company Limited (Sefalana) is required to announce through the BSE the resignation or appointment of a director of the company.

Sefalana is very pleased to announce the appointment of Dr. Keith Jefferis to the Board of Directors as a Non-Executive Director with effect from 1 July 2023.

Dr. Keith Jefferis is a Development Macroeconomist and a financial sector specialist, with over 40 years of experience. Dr. Jefferis is a former Deputy Governor of the Bank of Botswana and Senior Advisor in the Ministry of Finance. His professional activities include work on a range of macroeconomic, financial, and other development policy issues in Botswana, elsewhere in Sub - Saharan Africa and Asia. He has also served on the Committee of the Botswana Stock Exchange, the Board of Botswana Insurance Holdings Limited, and the Botswana Insurance Fund Management Investment Committee. Keith's expertise in the area of macroeconomics and regional financial development, will provide significant guidance and value in line with the Group's growth and diversification strategy. He was previously appointed to the Board of Sefalana in April 2014 and resigned in 2020 in order to take up a senior position in the Government of Botswana.

The Board of Sefalana are delighted to welcome back Dr. Jefferis to the Group, and look forward to his valued insight and guidance to the Group over the coming years.

By order of the Board

Joanne Robinson

Group Company Secretary

20 June 2023

Directors:

JM Marinelli, C Chauhan, B Davis, S Swaniker-Tettey, K Mere, M Mpugwa, P. Disberry, G. Scheepers

MS Osman