BOXER RETAIL LIMITED — Board/Management Information 2026

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Boxer Retail Limited

(Incorporated in the Republic of South Africa) (Registration number: 2024/392006/06)

JSE share code: BOX ISIN: ZAE000339891

("Boxer" or the "Company")

BOARD CHANGE

In accordance with paragraph 6.71 of the Listings Requirements of the JSE Limited, shareholders are advised of the following changes to the board of directors of Boxer ("Board") and its committees.

As previously communicated to the market in the Company's SENS announcement dated 21 May 2025, James Formby will step down as Chair of the Company with effect from 28 February 2026. James will remain on the Board as a non-independent non-executive director.

As previously announced, the Board is pleased to confirm that Sean Summers, currently Chief Executive Officer of Pick n Pay Stores Limited and a non-executive director of the Company, has been appointed as non-independent, non-executive Chair of Boxer, with effect from 1 March 2026.

In connection with this change in Chairmanship, Sean Summers will step down as a member of the Company's Remuneration Committee, with effect from 1 March 2026. James Formby will be appointed as a member of the Remuneration Committee with effect from the same date.

The Board expresses its sincere appreciation to James for his leadership and valuable contribution as Chair of the Company and looks forward to his continued service as a nonexecutive director and committee member.

The Board welcomes Sean as Chair and is confident that his extensive retail experience and strategic leadership will support the Company's continued growth and performance.

Charlotte Maponya will continue to serve as Lead Independent Director of the Company.

By order of the Board Westville 20 February 2026

Sponsor:

RAND MERCHANT BANK (a division of FirstRand Bank Limited)