ARAXI LIMITED - Change in Role of Executive Chairman in Araxi Limited

Change in Role of Executive Chairman in Araxi Limited

Araxi Limited
(Previously Capital Appreciation Limited)
Incorporated in the Republic of South Africa
(Registration number 2014/253277/06)
Share code: AXX ISIN: ZAE000208245
("Araxi" or "the Company" or "the Group")


CHANGE IN ROLE OF EXECUTIVE CHAIRMAN OF ARAXI LIMITED

The Board of Directors (the "Board") of the Company wishes to advise shareholders that, with effect from
Friday, 31 July 2026, Michael Pimstein ("Michael") will transition from his role as Executive Chairman of
the Group to Non-Executive Chairman of the Group.

This transition forms part of the Group's ongoing commitment to sound corporate governance and
continued compliance with the JSE Listings Requirements and the King V Report. As Non-Executive
Chairman, Michael will continue to provide strategic oversight, guidance and governance leadership to
the Board, relinquishing his executive management responsibilities and retire as an employee of the
Company.

The Board is delighted that Michael has agreed to remain actively involved in the Group in his capacity as
Non-Executive Chairman. As one of the four founders of the business, he has played an important role in
establishing, growing and shaping the Group into the organisation it is today. The Board wishes to express
its sincere appreciation to Michael for his exceptional contribution, unwavering commitment, vision and
leadership over many years and looks forward to benefiting from his continued guidance, insight and
stewardship in his new non-executive capacity.

The Board confirms that there are no other matters relating to this change that require disclosure in terms
of the JSE Listings Requirements.


Sandton
13 July 2026

Sponsor: Investec Bank Limited

Date: 13-07-2026 04:15:00
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