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United Kingdom

Vukile Property Fund Ltd (VKEJ.J)

VKEJ.J on Johannesburg Stock Exchange

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Summary

Name Age Since Current Position

Nigel Payne

58 2018 Non-Executive Independent Chairman of the Board

Laurence Rapp

46 2011 Chief Executive Officer, Executive Director

Elton Bosch

40 2018 Chief Financial Officer Designate

Michael Potts

62 Financial Director, Executive Director

Hermina Lopion

57 2010 Executive Director, Managing Director: Southern Africa

Gabaiphiwe Moseneke

40 2013 Executive Director

Johann Neethling

2013 Company secretary

Renosi Mokate

59 2018 Lead Independent Non-Executive Director

Stefanes Booysen

54 2012 Non-Executive Independent Director

Peter Moyanga

52 2004 Non-Executive Independent Director

Babalwa Ngonyama

43 2018 Independent Non-Executive Director

Hatla Ntene

63 2013 Non-Executive Independent Director

Hymie Mervyn Serebro

70 2004 Non-Executive Independent Director

Biographies

Name Description

Nigel Payne

Mr. Nigel George Payne was appointed Non-Executive Independent Chairman of the Board of Vukile Property Fund Limited as of August 14, 2018. He started serving as Non-Executive Independent Director of the Company on March 20, 2012. Nigel serves on the boards of Bidvest Group Limited, JSE Limited, BSi Steel Group Limited and Mr Price Group Limited, where he holds the position of chairman. He served as Member of the Audit and Risk Committee of the Company between March 20, 2012 and 2013. He started serving as Chairman of the Audit and Risk Committee of the Company in 2013 and resigned from this position as of August 14, 2018. He holds a Masters degree in Business Leadership from University of South Africa - UNISA, and a Bachelors degree from Rhodes University.

Laurence Rapp

Mr. Laurence Gary Rapp serves as a Chief Executive Officer, Executive Director of Vukile Property Fund Ltd. Laurence has been the driving force behind Vukile’s transformation and growth since his appointment in 2011. He is closely involved in all aspects of deal making and the corporate finance function of Vukile. Prior to joining Vukile, Laurence was a director of Standard Bank and head of the insurance and asset management division. His experience spans the areas of investment banking, private equity, retail banking, insurance and asset management. He currently serves as the chairman of SA REIT, an industry body driving listed property interests, chairman of Synergy Income Fund Limited and a non-executive director of Atlantic Leaf Properties Limited. Appointed: 1 August 2011

Elton Bosch

Mr. Elton Ronald Bosch was appointed Chief Financial Officer Designate, Executive Director of Vukile Property Fund Limited as of April 1, 2019. He started serving as Chief Financial Officer Designate of the Company as of September 1, 2018. Mr. Bosch was previously the Financial Director of Clover Industries Limited ("Clover"). Prior to joining Clover, he was a partner and the regional leader responsible for the Deloitte Risk Advisory division in Pretoria. Mr. Bosch holds a BCom (Hons) and a CA (SA) qualification.

Michael Potts

Mr. Michael John Potts stopped serving as Financial Director, Executive Director of Vukile Property Fund Limited as of March 31, 2019. Michael is a founding director of Vukile and prior to joining Vukile was an independent adviser to the Bridge Capital Group on property transactions, property portfolio assembly, financial structuring and capital raising. Prior to that, he was managing and financial director of the South African group that forms part of the UK-based Hanover Acceptances Group and a non-executive director of Hanover Acceptances Limited (United Kingdom) and Outspan International Limited for six and seven years respectively. He currently serves as a non-executive director of Synergy Income Fund Limited. Appointed: 17 May 2004.

Hermina Lopion

Ms. Hermina Christina (Ina) Lopion started serving as Executive Director, Managing Director: Southern Africa within Vukile Property Fund Limited on January 1, 2010, and resigned from these positions as of June 30, 2019. Ms. Ina finished BSc, Stellenbosch University, Executive Development Program: Manchester Business School. Ina has 25 years’ experience in the property market. She was responsible for asset management within Vukile. Ina was responsible for driving the day-to-day management of the portfolio and delivery on key operational goals. Ina is a board member of the SA Council of Shopping Centers. Appointed: 1 January 2010.

Gabaiphiwe Moseneke

Dr. Gabaiphiwe Sedise Moseneke serves as a Executive Director of Vukile Property Fund Limited. Sedise is responsible for Vukile’s sovereign tenant sub-portfolio and for jointly driving Vukile’s overall portfolio growth and transformation objectives. He was chief executive of Encha Properties from 2004 up until Vukile’s acquisition of a portfolio of government-tenanted properties from Encha in 2013. He is a past president of the South African Property Owners Association (SAPOA) and also sits on the board of Nu-Hold Group, an upmarket residential and commercial property development and investment company, and is interim CEO of Synergy. He is a member of the South African Institute of Black Property Practitioners (SAIBPP). Appointed: 1 August 2013.

Johann Neethling

Mr. Johann Neethling serves as a Company secretary of Vukile Property Fund Ltd. Johann has 16 years’ experience in the areas of assurance, general and corporate finance, governance and company secretariat. He joined Vukile as part of the management team when Sanlam’s asset management business was acquired by Vukile. Prior to that, he held various positions within the property division of Sanlam. He serves as director and senior vice-president of Chartered Secretaries Southern Africa.

Renosi Mokate

Dr. Renosi Denise Mokate was appointed Lead Independent Non-Executive Director of Vukile Property Fund Limited as of June 1, 2018. She started serving as Non-Executive Independent Director of the Company on December 11, 2013. Renosi has over 27 years’ experience in the field of development economics and planning and has served in various academic and executive roles. She is a former executive director of the World Bank as well as a former deputy governor of the South African Reserve Bank. She currently serves as a director of Bidvest Bank and is chairperson of the Government Employees Pension Fund. She holds a Bachelor of Arts degree from Lincoln University, a Master of Arts degree from University of Delaware, and a Doctorate in Philosophy degree from University of Delaware.

Stefanes Booysen

Dr. Stefanes Francois (Steve) Booysen serves as an Non-Executive Independent Director of Vukile Property Fund. Mr. Steve is the former group chief executive officer of Absa Group Limited. Steve also serves on the boards of Steinhoff International Holdings Limited, Clover Industries Limited, Efficient Financial Holdings Limited and Senwes Limited.

Peter Moyanga

Mr. Peter Spiho Moyanga has served as a Non-Executive Independent Director of Vukile Property Fund Limited since May 17, 2004. Mr. Peter is an owner-operator franchisee of the world renowned fast foods franchise, McDonald’s, with whom he has eight restaurants. Previously, Peter held a senior management position with McDonald’s Corporation for 10 years. In addition to his business interest, Peter is also a director of Reach for a Dream Foundation. He started serving as Member of the Audit and Risk Committee of the Company on May 17, 2004 and resigned from this position as of August 14, 2018.

Babalwa Ngonyama

Ms. Babalwa Ngonyama has served as Independent Non-Executive Director of Vukile Property Fund Limited since February 12, 2018. Babalwa is the Chief Executive Officer of Sinayo Securities Proprietary Limited, a female owned and managed business. Babalwa is a graduate of the University of Transkei (Bachelors) and qualified as a Chartered Accountant in 1999. Her academic qualifications also include a Masters of Business Administration from Bond University and a Higher Diploma in Banking Law from Randse Afrikaanse Universiteit. Babalwa currently serves on the boards of Aspen Pharmacare Holdings Limited ("Aspen"), Impala Platinum Holdings Limited, Clover Industries Limited ("Clover") and Efficient Group Limited. She chairs both the Aspen and Clover Audit Committees. She was appointed Chairman of the Audit and Risk Committee of the Company as of August 14, 2018.

Hatla Ntene

Mr. Hatla Ntene serves as a Non-Executive Independent Director of Vukile Property Fund Ltd. Hatla is a registered quantity surveyor, has over 25 years of experience in project management, cost engineering and contract administration. He is the executive chairman of Mvua Property Partners, a commercial property investment firm, and serves as a non-executive director of AECOM South Africa, Calgro M3 and Don Group.

Hymie Mervyn Serebro

Mr. Hymie Mervyn Serebro serves as a Non-Executive Independent Director of Vukile Property Fund Ltd. Mr. Mervyn is the former chief executive officer of Vusani Property Investments, a fully empowered privately held consortium embracing retail and office properties. He spent 32 years with the OK Bazaars Group within which he held a number of key positions and directorships, including that of group managing director. Mervyn was integrally involved in the establishment of a South African Bone Marrow Registry after the untimely death of his son, Darren, due to leukaemia. He is also the chairman of Reach for a Dream Foundation, a director of the Innovative Cancer Care Foundation and Chairman of Syenap.

Basic Compensation

Name Fiscal Year Total

Nigel Payne

625,501

Laurence Rapp

17,926,000

Elton Bosch

--

Michael Potts

9,303,500

Hermina Lopion

7,536,280

Gabaiphiwe Moseneke

3,147,830

Johann Neethling

--

Renosi Mokate

391,475

Stefanes Booysen

537,725

Peter Moyanga

459,300

Babalwa Ngonyama

--

Hatla Ntene

357,000

Hymie Mervyn Serebro

456,550
As Of  31 Mar 2017