The board of directors of Pepkor Holdings Limited announced that Mr. Leon Lourens ("Leon") will resign from the Board on 30 September 2022 and will be available to Pepkor during his notice period until the end of March 2023 in order to facilitate the transition to the new CEO. Leon has served the Pepkor Group for 32 years and was appointed as CEO of Pepkor on 6 December 2017. The Board announced that Mr. Pieter Erasmus ("Pieter"), who currently serves as a non-executive director of the Company, has been appointed as an executive director of Pepkor with effect from 1 October 2022.

Pieter is a chartered accountant and has considerable retail industry experience, having served as Pepkor Group CEO from 2001 to 2017. Pieter will cease to be a member of the human resources and remuneration committee from the effective date of his appointment as CEO.