EQUITES PROPERTY FUND LIMITED announced that Fulvio Tonelli has been appointed as a non-executive director of Equites with effect from 5 October 2022. Fulvio, CA(SA), was previously chief operating officer for Africa at PricewaterhouseCoopers Inc. ("PwC") from July 2007 until June 2019. He continued as a partner at PwC until his retirement in June 2020.

Fulvio was responsible for the strategic direction and effective operation of PwC's Risk & Quality, Finance, Information Technology and other Internal Firm Services. In July 2020, he was appointed as a non-executive director of Absa Group Limited. Shareholders and noteholders are further advised of the following changes to the composition of the board committees with effect from 5 October 2022: Fulvio Tonelli has been appointed as a member of the social, ethics and transformation committee and the risk and capital committee; Doug Murray has been appointed as a member of the investment committee; and Ndabezinhle Mkhize has been appointed as a member of the nomination committee and risk and capital committee.

Following these changes, the various board committees will comprise the following members: Audit committee: Ruth Benjamin-Swales (chairperson); Mustaq Brey; Keabetswe Ntuli and Doug Murray. Investment committee: Leon Campher (chairperson); Andre Gouws; Ndabezinhle Mkhize and Doug Murray. Remuneration committee: Keabetswe Ntuli (chairperson); Mustaq Brey; Leon Campher and Doug Murray.

Nomination committee: Leon Campher (chairperson); Mustaq Brey; Eunice Cross and Ndabezinhle Mkhize. Risk and capital committee: Mustaq Brey (chairperson); Ruth Benjamin-Swales; Eunice Cross; Leon Campher; Ndabezinhle Mkhize and Fulvio Tonelli.