MOMENTUM GROUP LIMITED - Changes to the Group Boards

Changes to the Group Boards

MOMENTUM GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number: 2000/031756/06
JSE share code: MTM
A2X share code: MTM
NSX share code: MMT
ISIN code: ZAE000269890

MOMENTUM METROPOLITAN LIFE LIMITED
Incorporated in the Republic of South Africa
Registration number: 1904/002186/06
Company code: MMIG
LEI: 378900E0A78B7549C212

(collectively "the Group" or "Momentum Group")


CHANGES TO THE GROUP BOARDS

In compliance with paragraph 3.59 of the JSE Listings Requirements and
paragraph 6.42 of the JSE Debt and Specialist Securities Listings
Requirements, shareholders and noteholders are advised that Mr Paul Cambo
Baloyi has resigned as Chair of the Momentum Group Limited and Momentum
Metropolitan Life Limited Boards ("Group Boards") and consequently as
member and Chair of the Group's Nominations Committee, effective 7 November
2025.

Mr Baloyi has also resigned as independent non-executive director of the
Group effective immediately after the conclusion of the Annual General
Meeting of the Group scheduled to take place on 20 November 2025. The
Group Boards thank Paul for his service to the Group.

Momentum Group is pleased to announce the appointment of Mr Tyrone
Soondarjee as Interim Chair of the Group Boards, as well as member and
Interim Chair of the Group's Nominations Committee, with effect from
7 November 2025 and until the appointment of the new Chair of the Group
Boards.

Mr Soondarjee is a Chartered Accountant (SA) and was appointed as an
independent non-executive director to the Group Boards in June 2023. He
is an existing member of the Group's Audit, as well as the Social, Ethics
and Transformation committees. The appointment was made pursuant to the
policy dealing with the nomination and evaluation of directors of the
Group.

The process to appoint a new Chair of the Group Boards will commence
immediately. The Group will issue a further announcement, once the process
has been concluded.


Centurion
10 November 2025

Equity Sponsor in South Africa
Tamela Holdings (Pty) Limited

Sponsor in Namibia
Simonis Storm Securities (Pty) Limited

Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 10-11-2025 04:58:00
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.