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REMGRO LIMITED - Appointment of future audit firm

Release Date: 29/06/2021 15:55
Code(s): REM     PDF:  
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Appointment of future audit firm

Remgro Limited
(Incorporated in the Republic of South Africa)
Registration number 1968/006415/06
ISIN: ZAE000026480
Share code: REM


Shareholders are advised that in accordance with the mandatory audit firm rotation rule issued
by the Independent Regulatory Board for Auditors ("IRBA"), Remgro’s Board has endorsed the
recommendation by its Audit and Risk Committee, following a comprehensive tender process, to
appoint Ernst & Young Inc. ("EY") as the external auditors of Remgro, with effect from the financial
year ending 30 June 2024.

Remgro intends to propose an indicative non-binding resolution at its 2021 Annual General
Meeting (AGM) for the appointment of EY, with effect from the 2024 financial year, although the
official appointment would be made at the Remgro 2023 AGM.

The incumbent external auditors, PricewaterhouseCoopers Inc. ("PWC"), will continue to act as
external auditors of Remgro for the financial years ending 30 June 2022 and 30 June 2023.
PWC’s appointment will be terminated upon the conclusion of the audit of the financial year ending
30 June 2023 in accordance with the mandatory audit firm rotation rule issued by the IRBA.

Remgro will release a further announcement on the Stock Exchange News Service of the JSE
once shareholder approval in respect of EY’s appointment has been obtained.

29 June 2021

Rand Merchant Bank (a division of FirstRand Bank Limited)

Date: 29-06-2021 03:55:00
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